Italy released its GDP seasonally adjusted for the third quarter final reading coming inline with expectations at 0.6%, showing expansion compared with the preliminary 0.5% contraction. For the year, the reading also matched anticipations at 4.6% contraction, better than the preliminary contraction of 5.9%.

Looking into details, private consumption rose to 0.4% from the revised 0.1% from 0.3%, higher than estimates of 0.2%; government spending declined to -0.2% from 1.3% revised to 1.2% and compared with 0.3% expected; total investments climbed to 0.3% from -3.1% revised from -2.9% and relative to projections of -0.9%; and exports jumped to 2.5% from the revised -2.5% from -3.7%, higher than predictions, while imports crept up to 1.5% from -3.0% revised up to -2.5%, 1.5% above expectations.