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Italy's GDP decreases 0.4% in Q2 2023

A deeper examination of the quarter-on-quarter data reveals certain sectors remaining stagnant while others showed a decline. Specifically, final consumption expenditure remained unchanged, while the gross fixed capital formation saw a decline of *.* per cent. On the international trade front, while imports held steady, exports experienced a dip of *.* per cent.

When compared year-on-year against the second quarter of ****, the economic landscape seems slightly more positive. Final consumption expenditure grew by *.* per cent, and imports increased by *.* per cent. Gross fixed capital formation remained stationary during this period. However, exports witnessed a minor reduction of *.* per cent, as per Istat.