Eurozone growth to remain strong in Q4 at 0.6% q/q - HSBC

In the view of the analysts at HSBC, the Eurozone GDP growth is expected to remain strong in Q4, at 0.6% q/q.

Key Quotes:

“Quarterly GDP growth was 0.6% q-o-q in Q3 2017, with annual growth reaching 2.6% y-o-y, its fastest pace since the immediate post-financial crisis rebound in 2010.

Leading indicators remain very strong, suggesting growth will at the least maintain this pace in Q4.

The composite PMI index increased by 2.1pts over the course of the quarter to 58.1, the highest since February 2011.

Consumer confidence also improved significantly.

With regards the hard data, industrial production increased by 0.4% and 1.0% m-o-m in October and November, respectively. We, therefore, expect Eurozone growth to remain strong in Q4, at 0.6% q-o-q.”