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

EUROZONE DATA
MNI (London)
EUROZONE DATA: Preliminary Flash GDP (Q3 2019)
------------------------------------------------------------------------------- 
- 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.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MarketsFixed Income BulletsForeign Exchange Bullets
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MarketsFixed Income BulletsForeign Exchange Bullets

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