The Italian economy contracted for the eighth consecutive quarter in the second quarter of 2013 but shrank less than analysts expected, offering hope that the country is slowly emerging from recession.
Gross domestic product fell 0.2 percent from the first quarter and dropped 2.0 percent on an annual basis, statistics agency ISTAT said. Analysts had expected a month-on-month contraction of 0.4 percent and an annual contraction of 2.2 percent.
(Read more: Italy's central bank sees even steeper decline for economy)