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

European Economic News Preview: German Inflation, Unemployment Data Due (58 min(s), 59 sec(s) ago)
(RTTNews) - Flash inflation and unemployment from Germany are due on Thursday, headlining a busy d ...Full Story»

Bank Of Japan Holds Key Rate; Raises Inflation Forecast (01 hr(s), 04 min(s), 59 sec(s) ago)
(RTTNews) - The Bank of Japan maintained its interest rate on Thursday and lifted its inflation ou ...Full Story»

Australia Export Prices Sink 4.5% In Q2 (04 min(s), 01 sec(s) ago)
(RTTNews) - Export prices in Australia were down 4.5 percent on quarter and 3.3 percent on year in ...Full Story»

Australia Retail Sales Rise 1.2% In June (59 min(s), 01 sec(s) ago)
(RTTNews) - Retail sales in Australia were up a seasonally adjusted 1.2 percent on month in June, ...Full Story»

Australia Building Approvals Jump 11.9% In June (54 min(s), 01 sec(s) ago)
(RTTNews) - The total number of building approvals issued in Australia was up a seasonally adjuste ...Full Story»

China Manufacturing PMI Slips In July (47 min(s), 01 sec(s) ago)
(RTTNews) - The manufacturing sector in China continued to contract in July, and at a faster rate, ...Full Story»

Japan Retail Sales Jump 2.0% In June (16 min(s), 01 sec(s) ago)
(RTTNews) - The value of retail sales in Japan was up 2.0 percent on year in June, the Ministry of ...Full Story»

Japan Industrial Output Climbs 1.7% In June (09 min(s), 01 sec(s) ago)
(RTTNews) - Industrial production in Japan was up a seasonally adjusted 1.7 percent on month in Ju ...Full Story»