Italy’s economy slightly expands in Q3
by ChemOrbis Editorial Team - content@chemorbis.com
According to the National Statistics Office (ISTAT), Italy’s GDP grew by 0.3% in Q3 of 2016 following the zero growth in the previous quarter and slightly exceeded the market expectations which called for an expansion of 0.2%. In the release, this increase was attributed to the expansion of industry and service sectors. Although the contribution of external trade on GDP was negative, this was counterbalanced by the positive contribution of domestic demand.
According to the data, the growth in Q3 was 0.9% on a yearly basis when compared to the 0.7% of Q2 and beat the analysts’ forecasts which called for an increase by 0.8% year-on-year. This was also the highest growth since Q2 of 2011.
The government reportedly expects the growth for 2016 to be at 0.8%, almost in parallel with 0.7% of last year. The country’s economy is expected to grow by 1% in 2017, the reports indicate.
According to the data, the growth in Q3 was 0.9% on a yearly basis when compared to the 0.7% of Q2 and beat the analysts’ forecasts which called for an increase by 0.8% year-on-year. This was also the highest growth since Q2 of 2011.
The government reportedly expects the growth for 2016 to be at 0.8%, almost in parallel with 0.7% of last year. The country’s economy is expected to grow by 1% in 2017, the reports indicate.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Supply constraints spark stronger PE trend than PP in global markets
- ABS, PS uptrend falters in China after H1 2020 ends at multi-month highs
- Stats: China’s total PP imports spike in May; Vietnam and India’s rising shares shine out
- Tight supply drives HDPE, LLDPE gains in Southeast Asia
- European PE markets set for 2nd bullish month on rising costs
- Turkey’s PP and PE markets propelled to a firm start to H2 despite vulnerable conditions
- Asian PVC sees V-shaped recovery in Q2, what will Q3 bring?
- Will capacity additions cast cloud on ethylene upsurge in Asia?
- US PVC offers in Egypt rise steadily but resistance grows in tandem
- PE buyers’ resistance grows in SEA; duty-free origins more competitive than Mid-East
