Preliminary estimate of GDP Q3 2023

In the third quarter of 2023 the seasonally and calendar adjusted, chained volume measure of Gross Domestic Product (GDP) remained stable with respect to both the previous quarter and the third quarter of 2022.

The third quarter of 2023 has had three days more with respect to the previous quarter and one day less compared to the third quarter of 2022.

The quarter on quarter change is the result of a decrease of value added in agriculture, forestry and fishing, an increase in that of industry and a substantial stationarity in the service sector. From the demand side, there is a negative contribution by the domestic component (gross of change in inventories) and a positive one by the net export component.

The carry-over annual GDP growth for 2023 is equal to +0.7%.