Eurozone Preliminary GDP increases by 0.4% QoQ in Q3, second estimate confirms

Noticias del mercado

14 noviembre 2024

Eurozone Preliminary GDP increases by 0.4% QoQ in Q3, second estimate confirms

The Eurozone economy expanded by 0.4% in the quarter to September of 2024, according to the second estimate released by Eurostat on Thursday.

The preliminary reading showed that GDP in the 26 nations union rose by 0.4% in the same period.

The bloc’s GDP rose at an annual rate of 0.9% in Q3 vs the initial estimate of 0.9% while aligning with the market expectations.

Meanwhile, the Eurozone Employment Change for Q3 came in at 0.2% QoQ and 1.0% YoY.

Further, the old continent’s Industrial Production fell by 2.0% MoM and 2.8% YoY in September, missing the market consensus.

EUR/USD reaction to the Eurozone data

EUR/USD is miring in yearly lows on the mixed Eurozone data and was last seen trading at 1.0519, down 0.42% on the day.

Elon Musk, the optimists and the pessimists – Commerzbank

Eurozone Employment Change (YoY) increased to 1% in 3Q from previous 0.8%

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