Italy falls back into recession

August, 6, 2014

Italy's economy has fallen back into recession, latest official figures show, after contracting for two quarters in a row.

GDP, the value of all the country's goods and services, shrank 0.2% in the second quarter of the year.

The surprisingly weak number follows a 0.1% contraction in the first quarter.

At the end of last year the country appeared to be emerging from recession, growing fractionally in the last three months.

However, separate figures showed industrial output increased by 0.9% from May to June, the biggest increase in five months.

BBC