Financial News: Italy's GDP Growth Confirmed At 0.3%

Italy's GDP Growth Confirmed At 0.3%

05/30/2025 - 06:45:00 (RTTNews)

(RTTNews) - Italy's economy grew at a slightly faster pace, as estimated, in the first quarter, revised data from the statistical office ISTAT showed on Friday.

Gross domestic product expanded 0.3 percent sequentially, in line with the estimate released on April 30. This followed a quarterly growth of 0.2 percent in the fourth quarter of 2024.

The expenditure-side breakdown showed that final consumption expenditure edged up 0.1 percent and gross fixed capital formation increased by 1.6 percent. At the same time, imports and exports grew 2.6 percent and 2.8 percent, respectively.

Year-on-year, economic growth improved to 0.7 percent in the first quarter from 0.6 percent in the preceding period. The annual rate was revised up from the preliminary estimate of 0.6 percent.

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

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

New Zealand Manufacturing PMI Data Due On Friday (02 hr(s), 38 min(s), 06 sec(s) ago)
(RTTNews) - New Zealand will on Friday release May results for the manufacturing PMI from Business ...Full Story»

Thirty-Year Bond Auction Attracts Average Demand (07 hr(s), 27 min(s), 06 sec(s) ago)
(RTTNews) - The Treasury Department announced the results of this month's auction of $22 billi ...Full Story»

Portugal Inflation Confirmed At 2.3% (10 hr(s), 40 min(s), 06 sec(s) ago)
(RTTNews) - Portugal's consumer price inflation increased slightly as initially estimated in M ...Full Story»

U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected (10 hr(s), 48 min(s), 06 sec(s) ago)
(RTTNews) - After reporting an unexpected decrease by U.S. producer prices in the previous month, ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High (10 hr(s), 51 min(s), 06 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday showing first-time claims for U.S. ...Full Story»

Irish Inflation Eases To 5-month Low (11 hr(s), 49 min(s), 06 sec(s) ago)
(RTTNews) - Ireland's consumer price inflation moderated in May to the lowest level in five mo ...Full Story»

U.S. Producer Prices Inch Up Less Than Expected In May (12 hr(s), 01 min(s), 06 sec(s) ago)
(RTTNews) - After reporting an unexpected decrease by U.S. producer prices in the previous month, ...Full Story»

U.S. Weekly Jobless Claims Unchanged At 248,000 (12 hr(s), 07 min(s), 06 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday showing first-time claims for U.S. ...Full Story»