Preliminary estimate of GDP - Q1 2023

In the first quarter of 2023 the seasonally and calendar adjusted chained volume measure of Gross Domestic Product (GDP) increased by 0.5 per cent with respect to the previous quarter and by 1.8 per cent over the same quarter of previous year.

The first quarter of 2023 has had two working days more 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 stationarity of value added in agriculture, forestry and fishing, whereas both industry and services recorded a positive growth. From the demand side, there is a positive contribution by both the domestic component (gross of change in inventories) and the net export component.

The carry-over annual GDP growth for 2023 is equal to +0.8%.