Italian economic growth eases in Q2 2018

Italy’s second quarter 2018 data was released today. In the seasonally and calendar adjusted data, chained volume measure of GDP was estimated to have risen 0.2 percent on a quarter-on-year basis, while it is estimated to have grown 1.2 percent on a year-on-year basis, showed Istat.

On a quarter-on-quarter basis, the final consumption expenditure rose 0.1 percent, while gross fixed capital formation was up 2.9 percent. Imports rose 1.8 percent, while exports dropped 0.2 percent in the second quarter.

On a year-on-year basis, final consumption expenditure rose 0.7 percent, while gross fixed capital formation rose 6.2 percent. Imports and exports rose 2.1 percent and 0.9 percent, respectively.

At 17:00 GMT the FxWirePro's Hourly Strength Index of Euro was neutral at -48.5905, while the FxWirePro's Hourly Strength Index of US Dollar was neutral at 26.03. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex