During the fourth quarter of 2017, the Italian economy recorded a deceleration of 0.13 p.p. in its year-over-year growth rate in comparison with the previous quarter, standing at 1.61%. The y/y growth rate of Industrial Production Index decelerated 0.13 p.p. to 2.62%. Regarding the labor market, the unemployment rate went down compared to the third quarter of 2017, reaching 11.08%, and the year-over-year growth rate of employment decelerated 0.16 p.p., standing at 1.07%. The euro appreciated against the US dollar, registering an exchange rate of 1.18 $/€. Lastly, the inflation stood at 0.93%.
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