Free Trial

Preliminary Flash GDP (Q4 2019).......>

EUROZONE DATA
MNI (London)
EUROZONE DATA: Preliminary Flash GDP (Q4 2019) Preview - 1000GMT
------------------------------------------------------------------------------- 
- Bloomberg Consensus(Q4): 0.2% q/q, 1.1% y/y; Prev (Q3): 0.3% q/q, 1.2% y/y 
- EZ q/q GDP is forecast to slow to 0.2% in Q4 after Q3's revised 0.3% 
- On an annual basis, GDP growth is anticipated to slow further to 1.1% after
coming in at 1.2% for two consecutive quarters. 
- Q3 GDP was bolstered by a positive contribution to growth of household
consumption (+0.3pp), exports (+0.3pp) and imports (+0.5pp) 
- Retail sales rose in Nov after a small dip in Oct, while industrial production
slumped in Oct and grew in Nov. 
- Fwd-looking surveys suggest a muted outlook for Q4 with the ESI falling
markedly in Q4, due to a deterioration in manuf sentiment. 
- The EZ's composite PMI registered closely to the 50-no-change mark throughout
the fourth quarter, suggesting stagnation of the economy. 
- So far state-level data is only available for Austria, which showed an uptick
to 0.3% q/q, and Belgium, revealing a stable reading at 0.4% q/q.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.