According to the report from Istat, in the first quarter of 2019 the seasonally and calendar adjusted, chained volume measure of Gross Domestic Product (GDP) increased by 0.1% to the previous quarter and decreased by 0.1% in comparison with the first quarter of 2018. Economists had expected increase by 0.2% to the previous quarter and increase by 0.1% y/y.

Compared to previous quarter, final consumption expenditure increased by 0.2%, gross fixed capital formation by 0.6% and exports by 0.2%. By contrast imports fell by 1.5%.

With respect to the first quarter of 2018, final consumption expenditure increased by 0.2%, gross fixed capital formation by 2.6%, imports by 1.8%, and exports by +3.5%.

The carry-over annual GDP growth for 2019 is null.