BoE Consumer Credit GBP1.661 bln (expected GBP1.300 bln; last GBP1.090 bln)
Italy’s GDP contracted 0.3% qtr/qtr in the flash reading for Q2 against expectations for no change.
Italy’s Q2 GDP -0.3% qtr/qtr (expected 0.0%; last 0.6%); 0.6% yr/yr (expected 0.9%; last 1.9%). June non-EU trade surplus EUR9.45 bln (last surplus of EUR4.44 bln).
July CPI 0.1% m/m, as expected (last 0.0%); 6.0% yr/yr (expected 6.1%; last 6.4%)
Italy’s Defense Minister Crosetto said during a weekend interview that the 2019 decision to join the Belt and Road Initiative was “improvised and atrocious.”