During the first quarter of 2018, Italy's GDP experienced a deceleration of 0.23 p.p. in its year-over-year growth rate when compared to the previous quarter, registering a rate of 1.38%. The y/y growth rate of Industrial Production Index decelerated by 0.49 p.p. to 2.71%. In the labour market, the unemployment rate fell when compared to the fourth quarter of 2017, to 10.98%, while the year-over-year rate of employment creation slowed by 0.46 p.p. to a rate of 0.61%. The euro appreciated against the dollar, recording an exchange rate of 1.23 $/€. Finally, inflation stood at 0.73%.
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