Italy’s gross domestic product grew 0.3% quarter‑on‑quarter and 0.8% year‑on‑year in the first quarter of 2026, according to a revised estimate released by Istat. The estimate, now based on more complete data, raised the preliminary April figure by 0.2 percentage points for quarterly growth and 0.7 points for the trend growth. A 0.6‑point increase was also applied to the 2026 year‑on‑year estimate. Final consumption rose 0.4%, gross fixed capital formation increased 0.7%, while imports fell 0.7% and exports climbed 2.2%. Agriculture value added fell 0.5%, industry was unchanged, and services grew 0.4%. Net domestic demand contributed 0.4 percentage points to the GDP increase, while inventory changes offset 1.1 points. The quarter also had one fewer working day than the previous quarter, but the same number as Q1 2025. Hours worked rose 0.3% and wage income per capita grew 0.9%.
© Istat.
Summary of content from Istat – https://www.istat.it.
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