Italy Q1 GDP confirmed at 0.3% q/q but y/y rate revised up

Italy Q1 GDP confirmed at 0.3% q/q but y/y rate revised up

ROME (Reuters) -Italy’s economy grew 0.3% in the first quarter from the previous three months due mainly to firm investments, national statistics bureau ISTAT said on Friday, confirming a previous printout. On a year-on-year basis, first quarter gross domestic product in the euro zone’s third largest economy was up 0.7%, ISTAT said, revising up an estimate of 0.6% made on April 30. The breakdown of GDP components showed a rise in investments tha…

Italy's GDP rose by 0.3% in first quarter - Istat

Italy's calendar-adjusted and seasonally adjusted GDP rose by 0.3% in the first quarter of this year compared to the previous three months, Istat said on Friday, confirming the figure it gave in its preliminary estimate last month. (ANSA)

The Institute confirms the data compared to the previous quarter while retouching to +0.7% (+0.1%) that on the same period of 2024