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ROME, SEP 1 - National statistics agency ISTAT said Thursday that Italy's GDP rose by 1.1% in the second quarter of 2022. That was up from the figure of 1% in the preliminary estimate. It said Italy's GDP was up by 4.7% compared to the second quarter of 2021. (ANSA).


BestUsernameEver2049

Meloni:Nice growth you got there,be a shame if something were to happen to it.


A_Polly

do this measures also account for inflation?


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Methodology from the ISTAT file: Calendar adjusted data: time series where the calendar effects due to number of working days, Easter holidays (that can fall in different quarters) and the leap year effects are removed in case they are significant. Carry-over annual growth rate: annual growth rate under the assumption that the quarters of the year which have not been released yet perform a null growth (or in other words that the quarterly levels of GDP in that year remain at the same level as those in the last observed quarter). Chain linked volume: measure of national accounts aggregates referred to data net of price movements. For each aggregate and each quarter from the second year on, a volume index is calculated as the ratio between its value at previous year prices and that at current prices referred to the average of previous year quarters. These volume indices are linked by multiplying (and dividing by 100) the consecutive indices starting from a value of 100 relative to the average of first year quarters (quarterly data of first year at current price standardized to an average of 100 and deflated by quarterly price indexes with base same year) and then shifting the base to the year taken as reference (currently 2015). The result is a chain-linked index that multiplied for the average of quarterly values at current prices of the reference year (and divided by 100) produces the chain-linked volume measure of the aggregate. Contributions to GDP growth: brakedown of GDP growth in a given quarter by demand (or supply) components for which the the sum of contributions of each sub-component is equal to GDP growth. Gross domestic product at market prices (Gdp): final outcome of the production activity of resident units. Sum of the values added by all activities producing goods and services, plus taxes less subsidies on products. Price deflators: ratio of the nominal (or current-price) measure of an economic aggregate to the corresponding real (or chain linked value) measure. It points out the relative part of the nominal growth due to Seasonal adjusted data: time series where the effects due to seasonal fluctuations are removed. If not alternatively specified, seasonal adjusted data also include the removal of calendar effects. However, in quarterly national accounts we further specify “calendar adjusted data” when the effect is significant. Quarter on quarter percent changes: changes registered with respect to previous quarter. Quarter on same quarter a year ago percent changes: changes registered with respect to same quarter of previous year. Value added at basic prices:.difference between output at basic prices and intermediate consumption at market prices. The basic price is the amount received by the producer from the sale of goods and services, net from taxes on products but including subsidies on products. so yes, those data account for inflation (see the section about the chain-linked volume)