Eurozone: Mixed picture of the economy - TDS

Sandeep Kanihama FXStreet Contributor

According to analysts at TD Securities, a raft of euro area data this morning paints a mixed picture of the economy.

Key Quotes

“Euro area GDP growth and the unemployment rate came in as expected, with 2018Q4 GDP growing 0.2% q/q while the unemployment rate held steady at 7.9% in December.”

“Italian GDP figures showed that the country entered a recession in the second half of last year, with -0.2% q/q growth in 18Q4. French HICP inflation for January came in as expected at 1.4% y/y, while Spanish inflation surprised to the downside slightly at 1.0% y/y.”

“The volatile German retail sales indicator fell a whopping 4.8% m/m in December, its largest monthly decline since 1981, while the German unemployment rate held steady at 5.0% in January.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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