No Sign of Q4 Growth For Italy

There are no signs to suggest Italy’s sluggish economy will accelerate in the final months of this year, national statistics bureau ISTAT said on Friday.

Gross domestic product in the euro zone’s third largest economy stagnated in the second quarter, though most economists expect to see a return to modest growth when ISTAT releases third quarter data on Nov. 15.

In its monthly economic note, ISTAT gave no forecast for the July to September period, but it said its composite leading indicator “does not signal any prospect of an acceleration in the final months of the year.”

Reuters

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.