Economic Essentials: Italian unemployment up

  • Italian unemployment jumped to 13.2 per cent in October, up from 12.9 per cent in September. 
  • Inflation in the euro zone was 0.3 per cent year on year in November, versus 0.4 per cent in October - energy prices were down 2.5 per cent in November versus a 2 per cent drop in October. 
  • UK consumer confidence stayed at a measure of -2 in November according to GFK Insights.
  • Oil prices continued to decline on Friday morning; Brent trading at 71.63 and WTI at 68.38 at time of writing. 

GFK press release / Istat release  / Live oil prices from Bloomberg