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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