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Yet Another Sign That Italy May Have Slipped Into Recession

Yet Another Sign That Italy May Have Slipped Into Recession

Yet Another Sign That Italy May Have Slipped Into Recession

(Bloomberg) -- Italy’s economic slump extended into December, adding to signs that the euro region’s third-biggest economy might have entered into recession in the final months of 2018. That’s according to the Bank of Italy’s indicator of real-time estimates of the trend in economic activity, and backs up manufacturing data earlier this week, which also showed a contraction. Italy’s statistics office is set to publish a preliminary reading for the fourth quarter at the end of January.

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

To contact the editors responsible for this story: Sheldon Reback at sreback@bloomberg.net, Zoe Schneeweiss, Alessandra Migliaccio

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