Market comment - Euro area GDP data show economy growing at 2.5% annual pace

Davy Research
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Euro area GDP data published yesterday (November 14th) confirmed the strong 0.6% expansion in Q3 2017, with output up 2.5% on the year. Euro area industrial production data showed strong 3.3% annual growth, with the German ZEW survey also improving. October’s composite at 56.0 indicates that growth remains robust. Euro area GDP growth could now beat the consensus forecast for a 2.2% rise in 2017, slowing to 1.9% in 2018.