Preliminary estimates for the fourth quarter growth of the Spanish economy and lending data for the euro area are the key data releases on the closing day of this trading week.
Spain's statistical office INE is set to release the flash estimates for the fourth quarter and full year gross domestic product at 03:00 AM ET on Friday. The economy is forecast to grow 0.1 percent in quarterly comparison, repeating a similar modest growth seen in the previous three months. The year-on-year growth figure is expected to fall sharply to 2.2 percent from 4.4 percent. An hour later, the European Central Bank will be out with the December M3 money supply and lending data for Eurozone banks. The monthly release is expected to show that the money supply annual growth slowed to 4.6 percent from 4.8 percent. The year-on-year growth in loans to businesses is forecast to rise to 8.6 percent from 8.4 percent in the previous month.
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