FLIY - Eurozone economy stalls in Q4

2023-03-08 05:18:25 ET

• The Eurozone economy showed no growth in the final quarter of 2022, compared with preliminary estimates of 0.1 percent growth and down from an upwardly revised 0.4 percent expansion in the previous three-month period.
• Household consumption slumped 0.9 percent and gross fixed capital formation tumbled 3.6 percent, as stubbornly high inflation, rising borrowing costs and supply chain bottlenecks hit activity and demand.
• Meanwhile, government spending rose 0.7 percent and net external demand contributed positively to the GDP as exports inched 0.1 percent higher and imports were 1.9 percent lower.
• Amongst the bloc's largest economies, the GDP grew in the Netherlands, Spain and France, but contracted in Germany and Italy.
• ETFs: ( EWG ), ( GF ), ( EWI ), ( EWQ ), ( EWGS ), ( FGM ), ( DBGR ), ( DXGE ), ( HEWG ), ( DAX ), ( FLFR ), ( FLGR ), ( FLIY ).

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