Latest data released by Istat - 14 February 2018

  • Prior +0.4% q/q (Q3)
  • Q4 GDP +1.6% vs +1.6% y/y
  • Prior +1.7% y/y (Q3)

Istat says that FY 2017 GDP comes in at +1.4% NWA (non-workday adjusted), and at +1.5% WA (workday adjusted). Q3 figures are unrevised.

A minor data point on the day. The overall GDP growth results are much improved compared to 2016 - which is +0.9%.

EUR/USD now at 1.2362, as the dollar gains some ground. EUR/GBP is at 0.8900, near the highs. EUR/JPY is at 132.83 as the yen also gives up some gains on the day.

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