Italy's GDP dropped by 0.3% in the
second quarter of 2023 with respect to the previous three
months, according to preliminary data released by Istat on
Monday.
The national statistics agency said that GDP was up by 0.6%
compared to the second quarter of last year.
"The quarter on quarter change is the result of a decrease of
value added in both the sector of agriculture, forestry and
fishing and in that of industry, in contrast to the growth in
services," Istat said.
"From the demand side, there is a negative contribution by the
domestic component (gross of change in inventories) and a null
contribution by the net export component.
"The carry-over annual GDP growth for 2023 is equal to 0.8%".
ALL RIGHTS RESERVED © Copyright ANSA
