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

EUROZONE DATA
MNI (London)
EUROZONE DATA: Preliminary Flash GDP (Q4 2019) Preview - 1000GMT 31/1/20
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- 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

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