During the fourth quarter of 2018, Italy's GDP slowed by 0.53 p.p. in its year-over-year growth with respect to 3Q18, to a rate of 0.03% after lower growth in domestic demand. For its part, the year-over-year growth in the Industrial Production Index slowed by 0.06 p.p. to -0.13%. In the labor market, the unemployment rate increased when compared to the third quarter of 2018, standing at 10.58%, while the year-over-year rate of employment creation slowed by 0.25 p.p. to 0.61%. The euro depreciated against the dollar, recording an average exchange rate of 1.14 $/€. Finally, inflation decelerated to 1.42%.
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