Italy GDP


Italy: Economic growth moderates in Q2

August 14, 2015

In the second quarter of this year, GDP grew 0.2% over the previous quarter in seasonally- and working-day adjusted terms, according to an advance estimate released by the National Statistics Office (ISTAT) on 14 August. The result came in slightly below the 0.3% growth tallied in Q1 and the 0.3% rise that the markets had expected. More detailed data will be released on 1 September.

In annual terms, GDP grew 0.5% in Q2, which was above the 0.1% rise observed in Q1 and marked the fastest expansion in four years.

The Bank of Italy expects the economy to expand 0.7% in 2015 and 1.5% in 2016. FocusEconomics Consensus Forecast panelists, however, see the economy expanding 0.2% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, panelists expect the economy to expand 0.6%.

Author:, Economist

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Italy GDP Chart

Italy GDP Q2 2015

Note: Quarter-on-quarter changes of seasonally-adjusted GDP and year-on-year variation in %.
Source: National Statistics Institute and FocusEconomics Consensus Forecast.

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