Final GDP (Q4 2019) ..................>

EUROZONE DATA: Final GDP (Q4 2019) 

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- Final GDP (Q4): 0.1% q/q, 1.0% y/y; Prev (Q3): 0.3% q/q, 1.3% y/y 

- Quarterly EZ growth registered at the flash estimate's level of 0.1%,

following Q3's reading of 0.3%. 

- Annual GDP came in slightly stronger than reported by the flash estimate,

recording 1.0% in Q4 after Q3's reading of 1.3%. 

- Breakdown shows that household consumption slowed to 0.1% q/q (down 0.4pp). 

- Similarly, government consumption slipped to 0.3% in Q4, following a reading

of 0.6% q/q 

- Exports slowed to 0.4% q/q, while imports surged to 2.2%, resulting in a

negative contribution to growth from net trade, shaving 0.8pp from GDP. 

- Gross fixed capital formation marked the largest quarterly gain, rising by

4.2% (up 8.0pp) and contributing 0.9pp to Q4 growth. 

- Looking ahead, the impact of the coronavirus poses a new downside risk,

especially for net trade in Q1 2020.