Eurozone | An improvement in the third quarter, with caution
Published on Wednesday, October 19, 2016 | Updated on Wednesday, October 19, 2016
Eurozone | An improvement in the third quarter, with caution
Summary
Our MICA-BBVA indicator estimates quarterly GDP growth in the eurozone to gain some momentum to 0.4% in Q3 (Q2: 0.3%) due to better-than-expected hard data in August that point to stronger private consumption and investment in Q3. However, the still weak global demand and the moderate euro appreciation so far this year could weigh on exports and the industrial sector.
Geographies
- Geography Tags
- Europe
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Manuel Cabezas
Agustín García
BBVA Research - Lead Economist
Eduardo Gutiérrez
Miguel Jiménez
BBVA Research - Lead Economist
Fernando Soto