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Responding to earlier European PMI.......>

DATA REACT
DATA REACT: Responding to earlier European PMI data, Cathal Kennedy, European
economist at RBC writes "For Q4, our PMI based GDP indicator continues to point
to growth of 0.5% q/q in Italy which would represent a particularly strong
finish to the year."
- RBS continues "The final euro area PMI was revised upward slightly from the
flash (58.1 from 58.0). That leaves our GDP indicator pointing to Q4 growth of
0.8% q/q placing some upside risk to our existing forecast of 0.6% q/q"

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