UK markets open in 2 hours 17 minutes
  • NIKKEI 225

    26,267.76
    +102.17 (+0.39%)
     
  • HANG SENG

    26,697.34
    +109.14 (+0.41%)
     
  • CRUDE OIL

    45.15
    +0.24 (+0.53%)
     
  • GOLD FUTURES

    1,801.00
    -3.60 (-0.20%)
     
  • DOW

    30,046.24
    +454.97 (+1.54%)
     
  • BTC-GBP

    14,076.73
    -193.02 (-1.35%)
     
  • CMC Crypto 200

    372.57
    +2.82 (+0.76%)
     
  • ^IXIC

    12,036.79
    +156.15 (+1.31%)
     
  • ^FTAS

    3,633.35
    +51.07 (+1.43%)
     

Italy's main econ indicators at pre-crisis levels, outlook uncertain - ISTAT

·1-min read
Cash vs card payments in Milan
Cash vs card payments in Milan

ROME (Reuters) - Italy's leading economic indicators have returned to levels last seen before the coronavirus health emergency but prospects for the coming months remain uncertain, national statistics bureau ISTAT said in its monthly report on Friday.

Italian gross domestic product jumped a much stronger-than-expected 16.1% in the third quarter from the previous three months, data showed last week, reflecting the end of the lockdown.

However, the recovery now risks being derailed by a fresh surge of COVID-19 infections hitting Italy and many other European countries. Rome is forecasting a full-year economic contraction of 9% this year due to the epidemic.

(Reporting by Valentina Consiglio, writing by Agnieszka Flak; Editing by Crispian Balmer)