In the last part of 2019, in an international outlook characterized by generalized economic slowdown and high uncertainty, the euro area economy decelerated sharply.
In the fourth quarter of 2019, the seasonally and calendar adjusted, chained volume measure of GDP decreased with respect to the previous quarter. The average growth rate for 2019 is 0.2%.
The labour market confirmed its good conditions although the employment recorded a marginal decrease in December.
Concerning consumer prices, the gap with respect to the euro zone remained negative for both the headline index and the core component.
In January, the consumer confidence increased with the improvement spread across all the components. On the contrary, the business confidence climate worsened.
The leading indicator continued to be negative although on a decelerating path with respect to the previous months.