Italy's seasonally-, calendar-adjusted Q1 chain volume GDP up 0.7% YoY

04 Jun '24

1 min read

Italy's seasonally-, calendar-adjusted Q1 chain volume GDP up 0.7% YoY

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Insights

Italy's seasonally- and calendar-adjusted chained volume measure of GDP increased by 0.3 per cent quarter on quarter (QoQ) and by 0.7 per cent YoY in the first quarter (Q1) this year.
The country's imports decreased by 1.7 per cent QoQ and 3.4 per cent YoY in the quarter, while exports increased by 0.6 per cent QoQ and 1.9 per cent YoY in the period.

Italy’s seasonally- and calendar-adjusted chained volume measure of gross domestic product (GDP) increased by 0.3 per cent quarter on quarter (QoQ) and by 0.7 per cent year on year (YoY) in the first quarter (Q1) this year, according to official statistics.

The country’s final consumption expenditure increased by 0.2 per cent QoQ, gross fixed capital formation rose by 0.5 per cent QoQ, imports decreased by 1.7 per cent QoQ and exports increased by 0.6 per cent QoQ in Q1 2024.

Final consumption expenditure remained stable YoY, gross fixed capital formation increased by 4 per cent YoY, imports decreased by 3.4 per cent YoY and exports increased by 1.9 per cent YoY in in the first quarter this year, an official release said.

The carry-over annual GDP growth for 2024 is 0.6 per cent.

Fibre2Fashion News Desk (DS)

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