Prior +0.3%GDP Y/Y +0.9% vs +0.9 expectedPrior +0.9%No changes to the preliminary figures.The agency said: “In Q3 2025, real GDP accelerated (+0.5% quarter on quarter after +0.3%). Household consumption continued to increase slightly (+0.1% after +0.1%): the decline in spending on food products (-1.0% after +1.5%) was more than offset by the rebound in energy spending (+1.3% after -2.3%) and by the increase in services (+0.1% after +0.5%). Gross fixed capital formation (GFCF) increased anew this quarter (+0.5% after +0.0%), buoyed up by the acceleration in GFCF in information and communication (+1.7% after +0.4%) and by the sustained pace of GFCF in capital goods (+1.7 % after +1.3 %). General government’s consumption expenditure remained dynamic (+0.5% after +0.5%). Overall, final domestic demand excluding inventories contributed positively to GDP growth (+0.3 points after +0.2 points).Exports accelerated significantly this quarter (+3.2% after +0.3%), boosted by a sharp rise in exports of transport equipment (+13.4% after -2.3%). Imports rose again in the third quarter (+1.3% after +1.5%). They were driven by rising imports of manufactured goods (+1.9% after +2.6%). Overall, the contribution of foreign trade to GDP growth was positive in Q3 2025 (+0.6 points after -0.4 points).Finally, the contribution of changes in inventories to GDP growth was negative this quarter (-0.4 points after +0.6 points) buoyed up by transport equipment, in particular aeronautics.”
This article was written by Giuseppe Dellamotta at investinglive.com.
đź’ˇ DMK Insight
GDP growth is holding steady, but household consumption trends are shifting, and here’s why that matters: The latest figures show a quarterly GDP growth of +0.5%, which aligns with expectations but masks some underlying shifts in consumer behavior. The slight uptick in household consumption (+0.1%) is overshadowed by a notable decline in food spending (-1.0%). For traders, this could signal a potential shift in consumer sentiment that might affect sectors tied to discretionary spending. If consumers are tightening their belts on essentials, it could lead to broader economic implications, particularly for retail stocks and commodities. Watch for how these trends play out in the coming months. If the GDP growth remains steady but consumption continues to decline, we might see a divergence in market performance, particularly in sectors reliant on consumer spending. Keep an eye on key levels in retail stocks and commodities, as a sustained decline in consumption could trigger sell-offs or shifts in investment strategies. The next quarterly report will be crucial to gauge whether this trend continues or reverses.
đź“® Takeaway
Monitor retail stocks closely; a sustained decline in household consumption could lead to significant market shifts in the coming months.






