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10 Feb 2016
Eurozone GDP likely expanded 0.4% qoq in 4Q15 - Unicredit
Research Team at Unicredit, thinks that Eurozone GDP expanded 0.4% qoq in 4Q15, but risks are tilted to the downside.
Key Quotes
“For 2015 as a whole, the pace of GDP growth was probably 1.5%.
4Q15 was characterized by sluggish industrial activity and some (temporary) slowdown in household spending, so far the main pillar of this recovery phase. Both were negatively impacted by mild weather conditions, via lower energy production and consumption. In contrast, construction investment benefited from mild temperatures.
Sentiment indicators eased in January, but from high levels, still consistent with 1.5-2% annualized GDP expansion.”
Key Quotes
“For 2015 as a whole, the pace of GDP growth was probably 1.5%.
4Q15 was characterized by sluggish industrial activity and some (temporary) slowdown in household spending, so far the main pillar of this recovery phase. Both were negatively impacted by mild weather conditions, via lower energy production and consumption. In contrast, construction investment benefited from mild temperatures.
Sentiment indicators eased in January, but from high levels, still consistent with 1.5-2% annualized GDP expansion.”