During the third quarter of 2019, Italian GDP accelerated in its y/y GDP growth rate when compared to the previous quarter, up to 0.32%. In the labor market, the unemployment rate fell compared to the second quarter of 2019 to 9.80 %, while the year-over-year rate of employment creation accelerated by 0.17 p.p. to 0.69%. With regard to the exchange rate, the euro depreciated against the US dollar compared to the previous quarter, recording an average exchange rate of 1.11 $/€ during the third quarter of the year. Finally, inflation decelerated to 0.36%.
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