Italy’s jobless rate fell in April to an almost 5-year low, pointing to improved growth prospects for the rest of this year.
The unemployment rate was 11.1 percent, down from a revised 11.5 percent in March, statistics agency Istat said Wednesday in Rome. The median estimate in a Bloomberg survey of 13 analysts called for a reading of 11.6 percent. It was the lowest since September 2012.
In the first quarter, Italy’s gross domestic product expanded by 0.2 percent, the same pace as the final three months of last year. Still, employers lobby Confindustria said in a report last week that GDP may rise at a faster pace in the current quarter.