Italy December unemployment rate 10.8% vs 10.9% expected

Latest data released by Istat - 31 January 2018

  • Prior 11.0%; revised to 10.9%

More signs that the labour market is tightening in European economies, but once again the major talking point will be if this can translate to wages - and in turn, inflation. Otherwise, there's not much else the ECB can do to normalise monetary policy.

Well, we'll know soon enough I guess. Eurozone inflation figures for January are due at the top of the hour so let's see.

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