According to Aline Schuiling, Senior Economist at ABN AMRO, Eurozone’s growth is likely to remain below the trend rate in Q4 as recent surveys indicate that eurozone GDP growth will have remained below the trend rate in Q4. Key Quotes “To start with, the composite PMI declined to 52.4 in November, down from 53.1 in October. As a result it reached its lowest level since the end of 2014. The forward looking elements of the PMI report also fell in November. Indeed the manufacturing new orders index (which has fallen non-stop in every month since the start of the year) dropped by 0.7 points to 48.9, while the services new business index fell by 0.6 points to 53.1. As an additional sign of weakness, the PMI’s employment index fell by 1.1 point to 53.6, signally softening employment growth in the coming quarters.” “All in all, at its current level the PMI is consistent with GDP growth of around 0.2-0.3% qoq, which is somewhat below the trend rate of around 0.3-0.4%.” “Besides the eurozone PMI, Germany’s Ifo business climate indicator dropped as well in November. The Ifo expectations index (which is the best tracker of GDP growth in the Ifo report) staged its third consecutive monthly decline and fell from 99.7 to 98.7, which is only a bit above the long term average value.” “It suggests that Germany’s GDP growth, which came in at -0.2% qoq in Q3 due to temporary problems in the car industry, bounced back in Q4, but nonetheless remained somewhat below the 0.5% growth rate that was recorded in Q2.” “We think that the declines in the eurozone PMI and Germany’s Ifo index are in line with our below-consensus growth forecast for the eurozone economy.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next FX option expiries for Nov 27 NY cut FX Street 4 years According to Aline Schuiling, Senior Economist at ABN AMRO, Eurozone's growth is likely to remain below the trend rate in Q4 as recent surveys indicate that eurozone GDP growth will have remained below the trend rate in Q4. Key Quotes "To start with, the composite PMI declined to 52.4 in November, down from 53.1 in October. As a result it reached its lowest level since the end of 2014. The forward looking elements of the PMI report also fell in November. Indeed the manufacturing new orders index (which has fallen non-stop in every month since the start of the year)… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.