• Italy's wages below eurozone average


    Italy is below the eurozone average both for hourly labour costs and hourly wages, Istat said in a report based on 2012 data. (Ansa)

  • Industrial orders edge up 0.1%


    Industrial orders in recession-hit Italy crept up 0.1% in October with respect to September, Istat said on Friday. The rise was generated thanks to a 1.5% increase in domestic orders, while those coming from abroad dropped 1.95. (Ansa)

  • Confindustria sees economic growth in 2015, 2016


    Italy's economy should grow by 0.5% in 2015 and 1.1% in 2016, the country's largest employers group Confindustria said Wednesday. This year will close with a GDP loss of 0.5%, it said in a report that promises gradual economic recovery. (Ansa)

  • Swiss franc falls on SNB negative rate move


    The Swiss franc hit its lowest level against the euro since mid-October on Thursday and its lowest against the dollar in over two years after the Swiss National Bank cut interest rates to below zero. The SNB announced Thursday it would set an exchange rate of -0.25 percent on sight deposit account balances at the central bank. (Cnbc)

  • Bank of Italy says net wealth falling


    The net wealth of Italian families is falling under the pressure of the ongoing economic crisis, losing 1.2% on average in 2013 compared with 2012, the Bank of Italy said Tuesday in a new report. (Ansa)

  • PMI shows economic improvements


    The purchasing managers index measuring activity in the eurozone economy rose slightly to a measure of 51.7 in December, from 51.1 in November, Bloomberg news reported Tuesday. (Ansa)

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