Eurozone Economy Slowed to Just 0.1% in Q4 - Forex News by FX Leaders

Eurozone Economy Slowed to Just 0.1% in Q4

Posted Friday, February 14, 2020 by
Skerdian Meta • 1 min read

The Eurozone GDP report was released a while ago this morning, from Eurostat. This is the second estimate for Q4 of 2019 and shows that growth has slowed considerably in Q4. Economic growth for 2019 was also revised lower to 0.9% from 1.0% previously.

Latest GDP Data Released by Eurostat – 14 February 2020

  • Eurozone Q4 GDP second reading +0.1% vs +0.1% q/q prelim
  • GDP +0.9% vs +1.0% y/y prelim

 

Eurozone Trade Report

  • Eurozone December trade balance €22.2 billion vs €19.3 billion expected
  • Prior €19.2 billion; revised to €19.1 billion
  • Non-seasonally adjusted trade balance €23.1 billion
  • Prior €20.7 billion

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Eurozone Employment Change Report

  • Eurozone December flash employment change QoQ 0.3%
  • November employment change 0.1%

Employment has improved a bit, increasing by 0.3% in December. But, considering the impact of coronavirus, employment might suffer in the coming months, although the biggest impact will be felt on the broader economic growth. This was the wrong time for coronavirus to strike.

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