The Limited Times

GDP soars to + 2.7% in the second quarter, driving services

7/30/2021, 8:33:32 AM


In the second quarter of 2021, Italian GDP, adjusted for calendar effects and seasonally adjusted, increased by 2.7% compared to the previous quarter and by 17.3% in trend terms. Istat communicates this on the basis of preliminary estimates. (HANDLE)

(ANSA) - ROME, JUL 30 - In the second quarter of 2021, the Italian GDP, adjusted for the effects of the calendar and seasonally adjusted, increased by 2.7% compared to the previous quarter and by 17.3% in trend terms. Istat communicates this on the basis of preliminary estimates. The "exceptionally marked" increase recorded on an annual basis, explains the Institute of Statistics, derives from the comparison with the lowest point reached in the second quarter of 2020 at the height of the health crisis due to the spread of Covid.


    The quarterly increase is higher than analysts expected growth of 1.3%. The change acquired for 2021, equal to + 4.8% if GDP were to be zero in the third and fourth quarters of the year, is slightly lower than the estimates of the government, the Bank of Italy's EU Commission, agreeing to indicate growth around at 5%.


    Between April and May, Istat recorded a strong recovery in the services sector, the most penalized by the crisis, a growth in industry and a substantial stagnation of agriculture. (HANDLE).


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