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

EUROZONE DATA: Preliminary Flash GDP (Q3 2019)

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- Eurozone growth came in at 0.2% in Q3, in line with Q2, and outpacing markets

looking for a decline to 0.1%. 

- This leaves the y/y rate at 1.1% (down from 1.2%), its lowest since Dec 2013 

- The prel. flash release does not include a breakdown by component or country 

- However, consumer spending is likely to have made another positive

contribution as UE has remained at low levels and household real income

continues to rise. 

- Meanwhile, the persisting slowdown in the manufacturing industry is impacting

the service sector activity. 

- Fwd-looking survey evidence signals a stagnation of the Eurozone economy with

Oct's flash composite PMI registering only a touch above the 50-no-change mark

for two months straight. 

- As a result, the outlook remains bleak, with both soft and hard data showing

no signs of a turnaround in the near term.