Milan, March 5 (LaPresse) – In the fourth quarter of 2024, the gross domestic product (GDP), adjusted for calendar effects and seasonality, grew by 0.1% compared to the previous quarter and by 0.6% compared to the fourth quarter of 2023, according to Istat. The institute highlights that this figure represents a slight upward revision from the preliminary estimate, which had reported zero quarterly growth and a 0.5% year-on-year increase.
The slight recovery at the end of the year translates into an acquired growth of 0.1% for 2025. Compared to the previous quarter, all major components of domestic demand increased, with final national consumption rising by 0.2% and gross fixed investments by 1.6%. Imports and exports decreased by 0.4% and 0.2%, respectively.
Net of inventory changes, domestic demand contributed 0.5 percentage points to GDP growth: household and private social institution (ISP) consumption contributed +0.1, gross fixed investments +0.4, while public administration (PA) spending had a neutral effect. Conversely, inventory variations reduced GDP growth by 0.4 percentage points, while net foreign demand contributed positively by 0.1 percentage points.
On a sectoral basis, agriculture and services showed negative quarterly trends, decreasing by 0.7% and 0.1%, respectively, while industry grew by 0.9%.