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Italy, GDP starts to rise again: + 0.6% E 'turnaround after 15 months

Rome - Italian GDP to grow back in after five consecutive quarters of economic decline. According to preliminary estimates released today by ISTAT, the third quarter of 2009, the GNP has marked a rise of 0.6% in the second quarter, when it had fallen by 0.5%. On an annual basis, GDP showed a contraction of 4.6% which compares with -5.9% the previous quarter (revised up from -6%). The data, expressed in terms adjusted for seasonal and working day and are on the whole in line with expectations of analysts polled by Reuters. The median showed a +0.7% the previous quarter and down 4.6% on year. "The cyclical increase in GDP is the result of an increase in the value added of industry and services and a decrease in the value added agriculture", Istat said in a statement. The GDP acquired in 2009, that growth annual average that would occur if nothing changes in the last three months of the year, is equal to -4.8% from -5.1% with the data shown in the previous quarter. The latest government estimates, spread with the launch of the 2010 budget, give the GDP declining by 4.8% in 2009.

Best result since 2006 economic growth of 0.6% in the third quarter of GDP is the best economic performance since the fourth quarter of 2006. This time, measures the Ista, quarter over quarter growth was 0.9%.

Bankitalia: "Record for the debt" new record for the rising public debt in September to share 1786800000000 from 1.7575 trillion in August. This follows from the charge of public finance statistical bulletin of the Bank of Italy. Revenue declined in September. The Supplement to the Statistical Bulletin of the Bank of Italy noted that the cash stopped at 20.107 billion, less than 2.480 to 22.587 billion in September 2008 with a reduction of 10.98%. In the first nine months, the figure is down 3.21% at 271.068 billion, less than 8.982 280.050000000000 collected in the same period in 2008.