Monthly report on Italian economy

US economy maintained robust growth while activity moderated in the Euro area.

In Italy, after fourteen consecutive expansions, in the third quarter GDP remained unchanged over the previous quarter. This result was determined by both domestic demand and net exports null contributions.

In the same period, despite a marginal deterioration in September, the employment rose and the unemployment rate decreased.

In October, inflation showed an upward trend reducing the gap with the Euro area. In the same month, the leading indicator decreased further, suggesting that the economic activity will continue to moderate in the coming months.