Italy’s industrial production is growing faster than expected, posting an annual 6.6% jolt in December, which could boost the 2016 final GDP figures released on Tuesday. According to the government's estimates, full year growth should be between 0.9% and 1%.

Istat's data shows a 1.4% growth in production on a monthly basis, vastly exceeding the market's previous estimates. This is the best result among the European giants, a much better performance than Germany (-0.7%), Spain (+1.9%), Great Britain (+4.3%), and France (-0.9% on a monthly basis).