Italy's seasonally-, calendar-adjusted Q1 chain volume GDP up 0.7% YoY

The country’s final consumption expenditure increased by 0.2 per cent QoQ, gross fixed capital formation rose by 0.5 per cent QoQ, imports decreased by 1.7 per cent QoQ and exports increased by 0.6 per cent QoQ in Q1 2024.

Final consumption expenditure remained stable YoY, gross fixed capital formation increased by 4 per cent YoY, imports decreased by 3.4 per cent YoY and exports increased by 1.9 per cent YoY in in the first quarter this year, an official release said.

The carry-over annual GDP growth for 2024 is 0.6 per cent.

ALCHEMPro News Desk (DS)