Preliminary Flash GDP (Q3 2019).......>

EUROZONE DATA: Preliminary Flash GDP (Q3 2019) Preview - 1000GMT

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- Bloomberg Consensus(Q3): 0.1% q/q, 1.1% y/y; Prev (Q2): 0.2% q/q, 1.2% y/y 

- EZ q/q growth is forecast to slow to 0.1% in Q3 after Q2's downtick to 0.2% 

- On an annual basis, GDP growth is anticipated to slow further to 1.1% after it

cooled to 1.2% in Q2, with the slowdown driven by consumption and net exports. 

- While investment picked up in Q2, both household and government consumption

slowed on a quarterly basis. 

- Meanwhile, imports grew at a slower pace in Q2 than in Q1, but exports

stagnated in the second quarter after having increased in the first 3 months. 

- Country data released so far shows that Q3 q/q growth remained unchanged in

France (at 0.3%) and expanded in Belgium (to 0.4% from 0.2% in Q2) 

- Forecasts suggests a mild contraction for Germany, while the Italian and

Spanish growth rates are projected to remain at Q2 levels 

- Soft as well as hard data show no signs of a turnaround in the near term,

indicating that economic growth in the Eurozone is likely to remain subdued.