GDP Italy, Istat: growth acquired for 2021 at + 6.1%

GDP in Italy, in the third quarter of 2021 Istat estimates that the gross domestic product, expressed in chain-linked values ​​with the reference year 2015, corrected for calendar effects and seasonally adjusted, increased by 2.6% compared to the previous quarter and by 3.8% in trend terms. This was communicated by the Institute of Statistics, specifying how the three months in question had three more working days compared to the previous quarter and the same number of working days compared to the third quarter of 2020. The variation acquired for 2021 is equal to + 6.1%. According to Istat, the cyclical variation is the synthesis of a decrease in added value in the agriculture, forestry and fishing sectors and an increase in both industry and services. On the demand side, there is a positive contribution from both the domestic component (gross of inventories) and the net foreign component. “After a strong recovery in the second quarter of 2021, in the third quarter of the year the Italian economy still recorded very sustained growth. The result benefited, for the second consecutive quarter, from a strong recovery in the market services sector , the most penalized by the crisis, and industry growth “writes Istat commenting on the gross domestic product data for the period July-August-September.” The trend increase in GDP – explains the Institute of Statistics – it is also marked in the third quarter of the year and follows the exceptionally large recovery of the second quarter, derived from the comparison with the low point of the second quarter of 2020. As usual, the preliminary estimate is provisional, as it is based on indicators that are partially incomplete and subject to revision in subsequent quarters, and mainly on an assessment of the supply components of GDP “, writes Istat again.