Preliminary estimate of GDP - Q3 2024

In the third quarter of 2024 the seasonally and calendar adjusted, chained volume measure of Gross Domestic Product (GDP) was stable with respect to the previous quarter and increased by 0.4 per cent over the same quarter of previous year.

The third quarter of 2024 has had three working days more than 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 0.4%.