Latest data released by Istat - 30 November 2018
- Final GDP +0.7% vs +0.8% y/y prelim
Preliminary/Flash figures can be found here. The revised reading shows that the rut runs deeper than initially feared for the Italian economy. It's the first time that the economic growth has contracted since Q2 2014.
Whatever point the government wants to prove to the European Commission will be even harder to come by now and growth fears in the region will certainly begin to heighten on the back of this. Watch this space as we move towards 2019, it could be a key issue for European officials to tackle.
EUR/USD holds steady at 1.1370 now after having fallen to a low of 1.1358 earlier, bouncing off the 200-hour MA. EUR/GBP is up to 0.8917 as the pound remains weak in trading overall.
