Eurozone Q3 preliminary GDP +zero.four% vs +zero.2% q/q anticipated

• Prior +zero.2%

The beat right here is most welcome but it surely does not take away from the struggling outlook. Germany’s manufacturing sector stays in recession and the enhance to France in Q3 is basically because of a one-off demand shot within the arm from the Olympics. That may preserve the strain on the ECB particularly if there is no such thing as a prospects for enchancment in This autumn.

This text was written by Justin Low at www.ubaidahsan.com.



Source link