Italian Economy Shows Promising Growth

In a recent revelation by Italy's National Institute of Statistics (Istat), the Italian Gross Domestic Product (GDP) experienced a 0.6% rise in the fourth quarter of fiscal 2024, compared to the same period in the previous year. This figure slightly surpasses the preliminary report's 0.5% estimate. Additionally, when compared to the third quarter, there was a modest increase of 0.1%.

Detailed Economic Indicators

The report further elaborated on various economic indicators. Final consumption expenditure saw a significant annual increase of 1.4%, indicating a boost in consumer spending. However, gross fixed capital formation faced a decline of 0.8%, suggesting a reduction in investment. On the trade front, imports grew by 0.9%, whereas exports decreased by 2.4%, reflecting challenges in international trade. The carry-over annual GDP growth for 2025 is projected at a modest 0.1%.