Initial eurozone GDP estimates to be revised, in line with PMI

  • Initial GDP estimates tend to underestimate growth in periods of strong expansion
  • PMI-based estimates can provide an accurate guide to final GDP numbers
  • Survey data signal 1.0% quarterly GDP growth rate in January, though initial estimates could signal 0.8%

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Chris Williamson, Chief Business Economist, IHS Markit
Tel: +44 207 260 2329

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