Latest data released by Istat - 2 February 2021
- Prior (Q3) +15.9%; revised to +16.0%
- Q4 GDP -6.6% vs -6.6% y/y expected
- Prior (Q3) -5.0%; revised to -5.1%
Bang on estimates as the Italian economy is estimated to have declined by 8.8% as a whole last year on a non-working day adjusted basis. This just reaffirms the slight softness across the euro area in Q4, which should continue through to Q1 this year.
