Preliminary estimate of GDP

In the fourth quarter of 2018 the seasonally and calendar adjusted, chained volume measure of Gross Domestic Product (GDP) decreased by 0.2 per cent with respect to the previous quarter and increased by 0.1 per cent over the same quarter of previous year.

The fourth quarter of 2018 had one working day less than the previous quarter and two more compared to the same quarter of previous year.

The quarter on quarter change is the result of a decrease of value added in agriculture, forestry and fishing as well as in industry and a substantial stability in services. 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 2019 is equal to -0.2%.