Eurozone Preliminary GDP increases by 0.4% QoQ in Q3, second estimate confirms
Source Fxstreet
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.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
As of the Asian session on July 30, gold prices ( XAUUSD) surged and then retraced following the Federal Reserve meeting, once falling to $4,028.62 during the session. From a market persp
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.80 during the early Asian trading hours on Thursday. WTI falls amid some profit-taking despite escalating conflicts in the Middle East.
With the FOMC rate decision looming, the US SEC Chairman's support for the CLARITY Act has a very limited impact on the crypto market.On July 29, US SEC Chairman Paul Atkins voiced suppor
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – gains strong positive traction during the Asian session on Wednesday, snapping a three-day losing streak to an over two-week low touched the previous day.
The Federal Reserve will announce its July interest rate decision on July 29, Eastern Time. The current target range for the federal funds rate remains at 3.5%-3.75%, but the suspense sur
Related Instrument
