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Istat: GDP in 2010 up +1,3%, the North is doing well with industry, the South is steady.

The Istat survey on GDP in 2010 shows that Italy has started to grow again after two years of recession. The North-East drives the economy, black shirt for the South.

Istat: GDP in 2010 up +1,3%, the North is doing well with industry, the South is steady.

In 2010, the Italian GDP grew by 1,3%, returning to positive territory after two years of declines (-1,3 in 2008 and -5,2 in 2009). The growth was driven by the North-East where the gross domestic product grew by 2,1%, followed by the North-West with a growth of 1,7%, the Center with 1,3%, and the South bringing up tail with 0,2%.

 

The North-East saw a strong increase in the industrial branch (+3,8%), compared to a national average of 2,8. Also services, with a leap forward of 1,6 (national average 1%) and agriculture (+1,5 against an average of 1%), showed in north-eastern Italy an increase in added value above the national average.

 

In the North-West, industry (+3,7%) and the service sector (+1,2%) are doing well. On the other hand, the growth of agriculture (+0,9) was more contained.

 

In the Centre, which had suffered the least from the recession in recent years, growth is more limited (+1,2%). The tertiary sector is the only index above the national average (with an increase of 1,2%). +2,3% for industry, primary in the red (-0,5%). The GDP of the Centre-North grew overall by 1,7%.

 

In the South, industrial growth is sluggish (-0,3%), the tertiary sector is limping (+0,2%) and only agriculture has returned to growing more than proportionally (+1,4%).

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