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EZ Q4 GDP Slows, Slightly Below Forecasts

EUROZONE DATA
MNI (London)
  • Eurozone GDP growth slowed to 0.3% in the fourth quarter, slightly below analysts’ forecasts of 0.4%, according to data released by Eurostat on Monday. That’s below the 2.3% pace recorded in the previous three months.
  • Annual growth of 4.6% matched economists’ predictions, against an unrevised 3.9% pace in the third quarter.
  • That’s well below the 1.7% growth posted by the U.S. in data released last week.
  • The Spanish economy expanded by 2.0%, outpacing the EU nations that have reported Q4 data. The regional powerhouse, Germany, suffered a 0.7% contraction in the closing months of the year, according to data released last week, while Austrian output slumped by a quarterly rate of 2.2%.


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