EURO ZONE

摘要

GDP growth continued to recover modestly in Q4 2013, accelerating by 0.3% (q-o-q) following a 0.1 % rise in Q3. This represented a third straight quarterof expansion and followed one and a half years of contraction. The 1.2% (q-o-q) surge in real exports helped to drive activity, as did a 1.1 % jump in capital spending which boosted our panel's 2014 forecast for the variable. Going into this year, monthly data suggests that the recovery continued to broaden. After disappointing over Christmas by falling by 1.3% (m-o-m), retail sales rebounded by 1.6%, offsetting weakness in January car registrations.