Italian economic growth falls quarterly in Q3 2018, rises year-on-year

The Italian economic growth fell on a quarterly basis in the third quarter. Istat showed that the GDP growth came decreased by 0.1 percent quarterly, whereas it rose 0.7 percent on a year-on-year basis.

Final consumption expenditure dropped 0.1 percent on a sequential basis. Meanwhile, gross fixed capital formation was down 1.1 percent. On the other hand imports and exports were up 0.8 percent and 1.1 percent, respectively.

On a year-on-year basis, the final consumption expenditure rose 0.3 percent, while gross fixed capital formation rose 2.5 percent. Imports and exports were up 2.4 percent and 1.3 percent, respectively. The carry-over annual GDP growth rate for this year is equal to 0.9 percent.

At 13:00 GMT the FxWirePro's Hourly Strength Index of Euro was neutral at 43.6275, while the FxWirePro's Hourly Strength Index of US Dollar was slightly bullish at 53.8744. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex