Italy GDP Growth Rate QoQ
In terms of GDP, Italy has the ninth-largest economy worldwide and the third-largest in the Eurozone. The country has a well-diversified industrial base, which is mostly fueled by the production of high-quality consumer goods. On the spending side, the GDP is composed of three components: household consumption (61%), government expenditure (19%), and gross fixed capital formation (17%). Approximately 30% of GDP is accounted for by exports of goods and services, with imports accounting for 27% of GDP and contributing 3% to total GDP.
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.
Forex Sentiment (EUR)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURUSD |
|
|
1.0719 -43 pips |
1.0843 -81 pips |
1.07624 | |
| EURAUD |
|
|
1.6220 -56 pips |
1.6372 -96 pips |
1.62757 | |
| EURJPY |
|
|
156.3153 -838 pips |
165.3943 -69 pips |
164.700 | |
| EURCAD |
|
|
1.4640 -87 pips |
1.4739 -12 pips |
1.47268 | |
| EURCHF |
|
|
0.9592 -151 pips |
0.9825 -82 pips |
0.97430 | |
| EURCZK |
|
|
25.3748 +4368 pips |
0 +249380 pips |
24.93800 | |
| EURGBP |
|
|
0.8560 -15 pips |
0.8606 -31 pips |
0.85748 | |
| EURHUF |
|
|
383.9147 -481 pips |
390.8705 -215 pips |
388.72 | |
| EURNOK |
|
|
10.9959 -6778 pips |
0 +116737 pips |
11.6737 | |
| EURNZD |
|
|
1.7763 -139 pips |
1.7985 -83 pips |
1.79019 |
News (EUR)
Eurozone Unemployment Rate Steady At 6.5% For Fifth Month
Euro area jobless rate remained unchanged at a record low for the fifth month in a row in March and the unemployment decreased, while a tight labor market could urge the European Central Bank to remain cautious even as policymakers gear up for an interest rate cut in June. The seasonally adjusted unemployment rate was 6.5 percent in March, which is the same level as in the previous four months.
RTTNews | 2 days ago
European Economics Preview: Eurozone Jobless Data Due
Unemployment figures from the euro area and Spain, and the purchasing managers' survey results for the services sector from the U.K. are the highlights on the economics front on Friday. Eurozone jobless rate is expected to remain steady at 6.5 percent in March. Eurostat is set to release the data at 05:00 am ET.
RTTNews | 2 days ago
Eurozone Exits Recession In Q1
The euro area economy expanded in the first quarter after two consecutive declines as all big four economies exhibited better performance, boosting hopes of a sustained recovery this year. Gross domestic product grew by a faster-than-expected 0.3 percent sequentially following a 0.1 percent fall each in the fourth and third quarters of 2023, preliminary flash estimates from Eurostat showed.
RTTNews | 5 days ago
