GDP, Istat: second quarter -0.1%, year-on-year +0.4%.
Acquired growth for 2025, the growth that would be achieved if GDP did not change for the remainder of the year, is 0.5%.
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Key points
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In the second quarter of 2025, the Italian GDP, adjusted for calendar effects and seasonally adjusted, decreased by 0.1 per cent compared to the previous quarter, while it grew by 0.4 per cent compared to the second quarter of 2024. This was announced by Istat, stating that today's estimate confirms the preliminary data released on 30 July. The economic decline in GDP in the second quarter marks a reversal of the negative trend compared to +0.3% in the first three months of the year.
Negative impact of foreign demand, flat consumption
The slight decline in GDP in the second quarter of 2025 was due to zero contributions from consumption by households and private social institutions (PSIs) and government spending, positive contributions from investment of 0.2 percentage points (with growth over the previous quarter of 1%) and the change in inventories of 0.4 points, against a negative contribution from net foreign demand of 0.7 points. Imports increased by 0.4 % and exports decreased by 1.7 %. On the value-added side, both agriculture, forestry and fishing declined by 0.6% and industry by 0.3%, while services were stationary.
A +0.5% growth target for 2025
In light of the second-quarter data, the acquired growth for 2025, the growth that would be achieved if GDP did not change for the remainder of the year, is 0.5%. This was announced by Istat, confirming what was released last July.
In France confirmed in the period +0.3%
The French economy grew by 0.3% in the second quarter of 2025. This was announced by the statistical institute Insee in its final survey, which confirms the previously estimated growth rate. The figure is in line with economists' expectations and follows growth in the first quarter of 0.1%.
