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00:54
Italy's Q4 2023 GDP records growth: ISTAT
STORY: Italy's Q4 2023 GDP records growth: ISTAT
SHOOTING TIME: March 6, 2024
DATELINE: March 7, 2024
LENGTH: 00:00:54
LOCATION: Rome
CATEGORY: ECONOMY
SHOTLIST:
1. various of street view in Rome
STORYLINE:
Italy's gross domestic product (GDP) increased by 0.2 percent in the fourth quarter (Q4) of 2023 over the previous quarter, and by 0.6 percent year-on-year, the National Institute of Statistics (ISTAT) said Tuesday.
The quarter-on-quarter figure matched ISTAT's preliminary estimate at the end of January, while the year-on-year result was revised up from 0.5 percent.
The primary drivers of economic growth are found in the industrial and construction sectors, while the agricultural sector saw a slight contraction, partly due to the impacts of extreme weather that affected Italy for much of last year. The services sector also experienced a slight decline, according to ISTAT.
Xinhua News Agency correspondents reporting from Rome.
(XHTV)
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