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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 [1]

Jobs Report Key as Fed Eyes December Hike [2]

May Reassures EU That High Court Ruling Won’t Derail Brexit [3]

French Services Sector Slows in October [4]

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam [8]

Senior Market Analyst - UK & EMEA at OANDA [9]
Based in London, Craig Erlam joined OANDA in 2015 as a Market Analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

Latest posts by Craig Erlam (see all [8])