Figures released yesterday showed that the eurozone’s GDP increased by 2.7% year-on-year in the fourth quarter of 2017 to fall in line with expectations. This was in keeping with the preliminary estimate and slightly below the 2.8% of the previous quarter. In the three months to December, GDP grew by 0.6%. However, we did learn that German GDP came in slightly below forecast at 2.9% – no matter, the figure is still a positive.
Today we will see the eurozone’s balance of trade for December which is expected to grow by some margin. The surplus was €26.3 billion in November and this is forecast to expand to €30.2 billion. It will be interesting to see how close to the mark the analysts have got this.