Preliminary estimate of GDP - Q2 2024

In the second quarter of 2024 the seasonally and calendar adjusted, chained volume measure of Gross Domestic Product (GDP) increased by 0.2 per cent with respect to the previous quarter and by 0.9 per cent over the same quarter of previous year.

The second quarter of 2024 has had two days less with respect to the previous quarter and one more compared to the same quarter of previous year.

The quarter on quarter change is the result of a decrease of value added in both agriculture, forestry and fishing and in industry, whereas the contribution of services was positive. From the demand side, there is a positive contribution by the domestic component (gross of change in inventories) and a negative one by the net export component.

The carry-over annual GDP growth for 2024 is equal to 0.7%.