Italian economic growth remained
moderate in the fourth quarter of 2025, “driven by the services
sector, especially business services, and a recovery in
industry,” the Bank of Italy said in its latest economic
bulletin on Friday.
The central bank stuck by its forecast of a 0.6% rise in GDP in
2026 and said it expected that growth would strengthen in the
2027-2028 period.
It also warned, however, that “the outlook for manufacturing
remains uncertain, in part due to the intensification of Chinese
competition in several sectors”.
It said the weakening of the Italian labour market and cautious
expectations about the future of the economy were slowing the
consumer spending of households, which were saving more.
“Household spending grew slightly in the third quarter,” it
said.
“The propensity to save rose further to levels that are among
the highest since the global financial crisis”.
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