Unemployment dropped to a seasonally adjusted 8.4 percent from 8.5 percent in June. Euro-region joblessness was unchanged at 10 percent in July. At the same time, Italy Inflation falls to 1.6% 

Italy's jobless rate fell in July as the recovery in Europe?s fourth-biggest economy gathered pace. 

Unemployment dropped to a seasonally adjusted 8.4 percent from 8.5 percent in June, the European Union statistics office in Luxembourg said today. Euro-region joblessness was unchanged at 10 percent in July, Eurostat data showed. 

Italy?s economy expanded for a second quarter in the three months through June, a sign that the country?s recovery from its worst recession in six decades is gathering strength. Italian business confidence rose to its highest in more than two years in August as businesses grew more optimistic about demand both at home and abroad, Rome-based research center Isae said today in an e-mailed statement. 

Industrial production climbed 0.6 percent in June from the previous month and 8.1 percent from a year ago in more than two years in July. A drop in the euro this year has helped make Fiat SpA cars and Luxottica Group SpA eyewear cheaper abroad. 

To contact the reporter responsible for this story: Lorenzo Totaro in Rome at ltotaro@bloomberg.net

http://www.bloomberg.com/news/2010-08-31/
italian-unemployment-rate-fell-in-july-as-
economic-recovery-gathered-pace.html

Italy Inflation Falls To 1.6% 

(RTTNews) - Italy's consumer price measure of inflation slowed to 1.6% in August from 1.8% in June, statistical office Istat said on Tuesday. Economists had forecast an inflation rate of 1.7%.

Consumer prices rose 0.2% compared to July, in line with forecasts.

At the same time, the harmonized measure of inflation rose 1.8% on a yearly basis and was up 0.2% on a monthly basis. 

http://www.rttnews.com/Content/AllEconomic
News.aspx?Node=B2&Id=1406065
 

The ANNOTICO Reports Can be Viewed (With Archives) on:
[Formerly Italy at St Louis]