15/2/2011 00:00:00
Istat has issued preliminary estimates of GDP for the fourth quarter of 2010, which when expressed in chain-linked volumes with reference year 2000, adjusted for calendar effects and seasonally adjusted, rose by 0.1% over the previous quarter and by 1.3% over the fourth quarter of 2009. The conjuncture increase in GDP is the result of an increase in the value added of agriculture and services and a decrease in the value added of industry. The fourth quarter of 2010 had two working days less than the previous quarter and the same number of working days over the fourth quarter of 2009. The acquired growth for 2011 is 0.3%. In the fourth quarter, in conjuncture terms GDP increased by 0.8% in the U.S. and decreased by 0.5% in the United Kingdom. In trend terms, GDP increased by 2.8% in the U.S. and 1.7% in the United Kingdom.
