Eurozone Preliminary GDP Data

• Germany’s GDP (q/q) (Q3), fact -0.2%, forecast -0.3%.
• Germany’s GDP (y/y) (Q3), fact 1.1%, forecast 1.3%.
• French Consumer Price Index (CPI) (m/m) (oct), fact 0.1%, forecast 0.1%.
• Consumer Price Index (CPI) in Spain (y/y) (oct), fact 2.3%, forecast 2.3%.
• GDP (y/y) (Q3), fact 1.7%, forecast 1.7%.
• GDP (y/y) (Q3), fact 0.2%, forecast 0.2%.
• Industrial Production (m/m) (September), fact -0.3%, forecast -0.4%.

Published data on eurozone GDP were more restrained positive, mainly due to statistics for Germany, which showed a less significant slowdown than expected.

Germany GDP chart (q/q)

Also, statistics on the eurozone was published, which was very restrained. Against the background of a negative start of stock indices in Europe, this statistic had almost no effect on the dynamics of the euro. While the increase in pessimism in the stock markets indicates a resumption of demand for the US dollar.

Hanzenko Anton

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