Eurozone growth monitor GTM –UK | 19 Change in unemployment and unemployment rate Retail sales and industrial production Thousands of people per three months (LHS); % rate (RHS) Index level 2,000 13 120 Industrial production (LHS) 120 Recession 115 Retail sales (RHS) 115 y Unemploymentrate 110 110 12 105 105 1,500 100 Change in 95 100 unemployment 11 90 95 Global econom1,000 85 90 '97 '99 '01 '03 '05 '07 '09 '11 '13 '15 10 Economic sentiment and GDP Index level (LHS); % change year on year (RHS) 8 500 130 Economic sentiment 9 GDP 6 120 4 110 0 100 2 8 90 0 80 -2 70 -4 -500 7 60 -6 '00 '02 '04 '06 '08 '10 '12 '14 '16 '97 '99 '01 '03 '05 '07 '09 '11 '13 '15 Source: (All charts) Eurostat, Thomson Reuters Datastream, J.P. Morgan Asset Management. Light grey columns in all charts indicate recession. Guide to the Markets - UK. Data as of 31 December 2016. 19