GDP, Istat confirms +0.3% in Q4 2025, +0.8% year-on-year
On the supply side, the cyclical increase in GDP is mainly attributable to the positive dynamics of the industrial sector (+0.8%), while agriculture and services show smaller increases (+0.2% and +0.1% respectively)
In the fourth quarter of 2025, gross domestic product (GDP), expressed in chain-linked values with reference year 2020, adjusted for calendar effects and seasonally adjusted, increased by 0.3% compared to the previous quarter and by 0.8% compared to the fourth quarter of 2024. The fourth quarter of 2025 had two fewer working days than the previous quarter and the same number of working days compared to the fourth quarter of 2024. The acquired change for 2026 is 0.3%. This is the finding of Istat, in its report on Quarterly Economic Accounts, Q4 2025.
Positive supply-side dynamics of the industrial sector
Based on the additional information available on the fourth quarter of the year, the estimate of the quarterly economic accounts confirms the cyclical and trend changes in GDP released at the time of the preliminary estimate at the end of January, as well as the growth expected for 2026 (+0.3%). On the supply side, the cyclical increase in GDP is mainly attributable to the positive dynamics of the industrial sector (+0.8%), while agriculture and services show smaller increases (+0.2% and +0.1% respectively).
Negative contribution of foreign demand
On the demand side, gross fixed capital expenditure is more lively than final consumption. The contribution of net foreign demand is negative, resulting from a decline in exports and an increase in imports. With reference to the labour market, hours worked and labour units were stable, while compensation of employees per capita grew by 0.5%.
