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Italian economy recovered slightly in the third quarter

In the third quarter, Italy Gross Domestic Product increased by 16.1% with respect to the previous quarter, whereas it decreased by 4.7% over the same quarter of 2019.

As for external trade, in August, seasonally-adjusted data, compared to July, rose by +3.3% for outgoing flows and by +5.1% for incoming flows.

Exports grew for both EU countries (+5.3%) and non EU countries (+1.2%). Imports increased by +5.2% for EU countries and by +4.9% for non EU countries.

Over the last three months, seasonally-adjusted data, compared to the previous three months, increased for both exports (+26.2%) and imports (+18.7%).

In September, in seasonally adjusted terms, exports to non-EU27countries increased by 8.3% and imports decreased by 2.7% compared with August.

In September, unemployment continued the decrease already began in August

In the period July-September, with respect to the previous quarter, employment grew (+0.5%, +113 thousand).

According to preliminary estimates, in October the rate of change of the Italian consumer price index for the whole nation (NIC) was +0.2% on monthly basis and -0.3% on annual basis (from -0.6% in September).

The halving of the decrease of consumer price indices was mainly due to the speed-up of the growth of the prices of unprocessed food and to the reduction of the drop of those of regulated energy products.

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