Italy's economy shrinks slightly in Q2: ISTAT
ISTAT noted that the contraction was driven by a slowdown in value added by agriculture, forestry and fishing, as well as industry, while the services sector remained broadly stable.
Although domestic demand remained positive, net exports weighed negatively on overall output, the agency explained in its note.
On a year-on-year basis, Italy's gross domestic product (GDP) grew by 0.4 percent, easing from a 0.7 percent expansion in the first quarter, while the carry-over annual growth was estimated at 0.5 percent so far in 2025, ISTAT also said.
Italian Minister of Economy and Finance Giancarlo Giorgetti on Wednesday informed lawmakers that the cabinet would maintain its economic growth forecast of 0.6 percent for 2025 despite the moderate slowdown.
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