Italy's 1.9% YoY GDP growth marks positive start to 2023

Compared to previous quarter, final consumption expenditure increased by 0.7 per cent, gross fixed capital formation increased by 0.8 per cent, whereas both imports and exports decreased, respectively by 1 per cent and 1.4 per cent, the Italian National Institute of Statistics (Istat) said in a press release.

With respect to Q1 2022, final consumption expenditure increased by 2.5 per cent, gross fixed capital formation by 3.3 per cent, imports by 0.3 per cent, and exports by 2.1 per cent. The carry-over annual GDP growth for 2023 is equal to 0.9 per cent.

ALCHEMPro News Desk (NB)