Italy's trade balance surplus narrows in September
Italy's current account narrowed to €227 million in September, while its foreign trade balance produced a surplus of €794 million, compared to an estimated €1.63 billion.
The gross domestic product (GDP) of the third largest economy in the euro zone declined for the ninth straight quarter, by 0.1% in the third quarter, according to the Istat release published on Thursday. The figure is based on preliminary analysis. In the second quarter, economic output fell 0.3%.
On an annual basis, Italy's GDP dropped 1.9%. In the second quarter, a 2.1% fall had been recorded. All figures were working-day adjusted.
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