Istat: GDP stationary in Q3, +0.4% year-on-year

Italian GDP in the third quarter of 2025, adjusted for calendar effects and seasonally adjusted, was stationary compared to the previous quarter and grew by 0.4% in trend terms. This was announced by Istat on the basis of preliminary estimates of GDP in the third quarter. The zero growth in the third quarter follows the -0.1% recorded in the second quarter and the +0.3% in the first three months of the year. The third quarter of 2025, Istat explains, had four more working days compared to the previous quarter and the same number of working days compared to the third quarter of 2024

The change in the economic situation is the result of an increase in value added in agriculture, forestry and fishing, a decrease in industry and stagnation in services. On the demand side, there is a negative contribution from the domestic component (before inventories) and a positive contribution from the net foreign component. The change in the demand side is 0.5% in 2025.

"The stationarity in the economic dynamics of the GDP in the third quarter leaves the estimate of the acquired growth for the year 2025 unchanged, which is confirmed at 0.5 per cent," explains the Institute of Statistics.

"The substantial stationarity of the economy, which is outlined on the basis of the preliminary and partial information available for the 30-day estimates, is the result of a growth in the added value of the primary sector, a smaller reduction in that of industry and stability in that of services. On the demand side, there is a positive contribution from the net foreign component, which is matched by a corresponding negative contribution from domestic demand (before inventories).