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
Gold price (XAU/USD) is down 0.8% to near $4,140 during the European trading session on Monday. The precious metal faces selling pressure as the three-day rally hits a pause after failing to extend above $4,202.
WTI Crude Oil Price Forecast: OPEC Production Increase Combined With Hormuz Strait Navigation May Drag Prices Down to $60.As of the Asian session on July 6, WTI ( USOIL) crude oil prices extended last Friday's rebound during intraday trading, peaking at $69.26 before consolidating around $68.60. From a techn
As of the Asian session on July 6, WTI ( USOIL) crude oil prices extended last Friday's rebound during intraday trading, peaking at $69.26 before consolidating around $68.60. From a techn
The USD/JPY pair builds on its goodish recovery from the 160.50-160.45 region, or over a two-week low touched on Friday, and gains strong follow-through traction for the second straight day on Monday.
TradingKey Daily Market Briefing: OPEC+ Continues Output Boost, Oil Prices Under Pressure, Gold Rebounds, Bitcoin Stands Above $63,000Tracking Market TrendsTradingKey - On July 6, pre-market Eastern Time, as the US stock market was closed last Friday for the Independence Day holiday, investors turned more to commodities, foreign exc
Tracking Market TrendsTradingKey - On July 6, pre-market Eastern Time, as the US stock market was closed last Friday for the Independence Day holiday, investors turned more to commodities, foreign exc
As of the Asian session on July 3, gold prices ( XAUUSD) extended yesterday's rally, climbing to an intraday high of $4,195.52. Looking at the charts, gold has gained over $100 in total s
Related Instrument
