Italy's economy grew at a slightly faster pace, as estimated, in the first quarter, revised data from the statistical office ISTAT showed on Friday.
Gross domestic product expanded 0.3 percent sequentially, in line with the estimate released on April 30. This followed a quarterly growth of 0.2 percent in the fourth quarter of 2024.
The expenditure-side breakdown showed that final consumption expenditure edged up 0.1 percent and gross fixed capital formation increased by 1.6 percent. At the same time, imports and exports grew 2.6 percent and 2.8 percent, respectively.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.