Euro zone GDP for the fourth quarter preliminary reading remained unrevised at -0.3% on the quarter and 0.7% on the year, in line with both advanced and expected readings.

Details with the release showed that household consumption slipped 0.4% on the quarterly basis compared with a revised of 0.3% and median estimates of -0.2%. Gross fixed capital formation plunged 0.7% from a prior of 0.1%, revised down to -0.3%, while analysts' forecasts referred to 0.4% drop. Government spending showed 0.2% fall, similar to the revised reading which was flat before revision, where analysts predicted a flat reading.