In the fourth quarter (Q4) of 2022, Italy’s seasonally and calendar adjusted, chained volume measure of gross domestic product (GDP) decreased by 0.1 per cent over the previous quarter and increased by 1.4 per cent year-on-year (YoY), as per the Italian National Institute of Statistics (Istat).Compared to the previous quarter, final consumption expenditure decreased by 1.1 per cent, gross fixed capital formation increased by 2 per cent, imports decreased by 1.7 per cent, and exports increased by 2.6 per cent, Istat said in a press release.
With respect to Q4 2021, final consumption expenditure increased by 1 per cent, gross fixed capital formation by 6.8 per cent, imports by 6.5 per cent, and exports by 9.9 per cent. The carry-over annual GDP growth for 2023 is equal to 0.4 per cent.
In Q4 2022, Italy's seasonally and calendar adjusted, chained volume measure of gross domestic product decreased by 0.1 per cent over the previous quarter and increased by 1.4 per cent year-on-year (YoY), as per the Italian National Institute of Statistics (Istat). Compared to the previous quarter, final consumption expenditure decreased by 1.1 per cent.
Fibre2Fashion News Desk (NB)
