Advance Q4 GDP due at 1000 GMT, this preview via HSBC:
Quarterly GDP growth was 0.6% q-o-q in Q3 2017, with annual growth reaching 2.6% y-o-y, its fastest pace since the immediate post-financial crisis rebound in 2010.
Leading indicators remain very strong, suggesting growth will at the least maintain this pace in Q4.
- The composite PMI index increased by 2.1pts over the course of the quarter to 58.1, the highest since February 2011.
- Consumer confidence also improved significantly.
With regards the hard data, industrial production increased by 0.4% and 1.0% m-o-m in October and November, respectively. We therefore expect eurozone growth to remain strong in Q4, at 0.6% q-o-q.
This via Nomura:
- We expect the first reading of euro area Q4 GDP growth to climb by 0.7% q-o-q after 0.7% q-o-q in Q3. While we do not get any underlying expenditure details in this release, we expect domestic demand to have made the largest contribution to GDP growth in Q4. We also expect exports to have pushed up GDP growth as global economic momentum remains strong.
Join the conversation in our new Telegram group
