Eurozone Prelim GDP arrives at 0.1% QoQ in Q4 vs. 0.1% expected
by Dhwani Mehta- Eurozone GDP (QoQ) (Q4): 0.1% actual vs 0.1% expected.
- Eurozone GDP (YoY) (Q4): 0.9% actual vs. 1% expected.
After Germany flirted with a recession in the final quarter of 2019, the Eurozone economy steadied in the fourth quarter, the latest figures released by Eurostat showed on Friday.
The bloc’s quarterly reading came in at 0.1%, matching expectation of +0.1% and +0.1% reported in Q3. The annualized figure arrived at 0.9% vs. 1% expected and 1% last.
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About Eurozone GDP
The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health. Usually, a rising trend has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).