EMU: GDP falls 0.6% in Q4, as expected

On a quarterly basis Eurozone GDP decreased 0.6% in Q4, following a 0.1% drop registered the previous quarter, according to second estimates released today by Eurostat. This result is in line with market consensus.

Year-over-year GDP s.a. fell 0.9% in Q4, after sliding 0.6% in Q3, as expected.