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The official PMIs for January released today do not yet reflect the magnitude of the economic concerns around the ongoing coronavirus 2019-nCoV outbreak in China.
Preliminary GDP in Q4 came out significantly below expectations at -0.3% qoq. If this figure is confirmed, real growth in Italy will have stagnated in 2019.
French GDP declined by -0.1% q/q in Q4 2019, below expectations.. Household consumption decelerated at 0.2% q/q in Q4 2019 compared with 0.4% q/q in Q3.