In Italy, the seasonally and calendar adjusted, chained volume measure of gross domestic product (GDP) increased by 0.5 per cent quarter-over-quarter (QoQ) in the third quarter (Q3) of 2022, according to a preliminary estimate by the Italian National Institute of Statistics (Istat). It increased by 2.6 per cent over the same quarter of the previous year.The quarter-on-quarter change is the result of a decrease of value added in both agriculture, forestry and fishing and industry, whereas the service activities recorded an increase. From the demand side, there is a positive contribution by the domestic component (gross of change in inventories) and a negative one by the net export component, Istat said.
The carry-over annual GDP growth for 2022 is equal to 3.9 per cent.
In Italy, the seasonally and calendar adjusted, chained volume measure of gross domestic product (GDP) increased by 0.5 per cent quarter-over-quarter (QoQ) in the third quarter (Q3) of 2022 and by 2.6 per cent over the same quarter of the previous year. The carry-over annual GDP growth for 2022 is equal to 3.9 per cent, as per an Istat report.#
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