05.12.2014 - GDP of Eurozone grew by 0.2%

Preliminary data for GDP growth in the euro area fell short of analysts' expectations. Thus, in the 3rd quarter of this year, the Eurozone economy grew by 0.2%. During the year the growth rate was 0.8%. We recall that in the second quarter, the economy grew by 0.1%. Household spending rose by 0.5%, which is 0.2% more than the growth in the previous quarter. Investments decreased by 0.3% against growth of 1.2% in the second quarter. Export growth slowed to 0.8, which is 0.6% less than the previous figure. Given the weak economic performance in the Eurozone and a negligible effect of stimulus measures of the ECB, we maintain a medium-term negative outlook on the stock indexes in the Eurozone.

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