Istat: GDP in the first quarter at -0.2%, better than the government's estimates

In the first quarter of 2022,

, expressed in chain-linked values ​​with the reference year 2015, adjusted for calendar effects and seasonally adjusted,

compared to the previous quarter (ending at + 0.7%) and is grew by 5.8% in trend terms.

Istat calculates it on the basis of preliminary estimates for the first three months of the year.

In the Def the government had forecast a decrease of 0.5% on the previous quarter.

The variation acquired in the Italian GDP for 2022 is equal to + 2.2%.

The negative closing of the January-March period therefore led to a slight reduction compared to the growth acquired calculated at the end of 2021, equal to + 2.3%.

The growth acquired is the annual variation that would be obtained in the presence of a zero cyclical variation in the remaining quarters of the year.  

 Istat has revised upwards the quarterly growth of GDP in the fourth quarter of 2021.

estimated on both January 31st and April 5th, today's data instead indicate