Financial News: Italy Economy Contracts For First Time In 2

Italy Economy Contracts For First Time In 2 Years

07/30/2025 - 06:39:00 (RTTNews)

(RTTNews) - Italy's economy shrank for the first time in two years in the second quarter, preliminary estimate from the statistical office ISTAT showed Wednesday.

Gross domestic product dropped unexpectedly by 0.1 percent sequentially, in contrast to the 0.3 percent expansion in the first quarter. This was the first fall since the second quarter 2023 and confounded expectations for an increase of 0.1 percent.

From the demand side, there was a positive contribution by the domestic component and a negative contribution by the net export component.

On a yearly basis, economic growth softened to 0.4 percent from 0.7 percent in the first quarter. GDP was forecast to grow 0.6 percent.

The carry-over annual GDP growth for 2025 was equal to +0.5 percent.

Another data from the statistical office showed that industrial turnover declined 2.2 percent month-on-month in May, in contrast to the 1.4 percent increase in April. Year-on-year, industrial sales declined 1.8 percent, reversing a 0.9 percent rise in the prior month.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Japan Producer Prices Rise 0.2% In July (01 hr(s), 10 min(s), 31 sec(s) ago)
(RTTNews) - Producer prices in Japan were up 0.2 percent on month in July, the Bank of Japan said ...Full Story»

Australia Wage Price Data Due On Wednesday (03 hr(s), 07 min(s), 31 sec(s) ago)
(RTTNews) - Australia will on Wednesday release Q2 data for its wage price index, highlighting a m ...Full Story»

U.S. Small Business Confidence Improves In July - NFIB (05 hr(s), 20 min(s), 31 sec(s) ago)
(RTTNews) - Small business optimism in the U.S. strengthened in July after eroding in the previous ...Full Story»

UK Labor Market Cools In Q2 (11 hr(s), 33 min(s), 31 sec(s) ago)
(RTTNews) - The U.K. labor market softened in the second quarter as wage growth eased, the unemplo ...Full Story»

U.S. Consumer Prices Increase 0.2% In July, In Line With Estimates (11 hr(s), 45 min(s), 31 sec(s) ago)
(RTTNews) - Consumer prices in the U.S. increased in line with economist estimates in the month of ...Full Story»

U.S. Consumer Prices Increase In Line With Estimates In July (12 hr(s), 29 min(s), 31 sec(s) ago)
(RTTNews) - Consumer prices in the U.S. increased in line with economist estimates in the month of ...Full Story»

German ZEW Economic Confidence Deteriorates On Trade Deal (13 hr(s), 04 min(s), 31 sec(s) ago)
(RTTNews) - Economic sentiment in Germany deteriorated sharply in August due to the disappointing ...Full Story»

Portugal Inflation Confirmed At 2.6% (13 hr(s), 42 min(s), 31 sec(s) ago)
(RTTNews) - Portugal's consumer price inflation increased slightly as initially estimated in J ...Full Story»