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Press release

Monthly report on Italian economy

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The Italian economy continues to experience difficulties, while euro area GDP growth remains weak. Subdued output growth reflects internal demand gaps, in particular a continued contraction in investment.

Business confidence has decreased over the past two months, reaching the levels hit at the beginning of the year. The decline has been marked in the service sector. However, the real effective exchange rate depreciation spurred by ECB monetary stance could help trigger a recovery in exports.

Reference period: September 2014

Date of Issue: 01 October 2014

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