Eurozone GDP rose by 0.3% Q3

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Tuesday, Dec 08 2015

Seasonally adjusted GDP rose by 0.3% in the euro area (EA19) and by 0.4% in the EU28 during the third quarter of 2015, compared with the previous quarter, according to a second estimate published by Eurostat, in line with market focasts. In the second quarter of 2015, GDP grew by 0.4% and 0.5% respectively. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.6% in the euro area and by 1.9% in the EU28 in the third quarter of 2015, the same as in the previous quarter.

During the third quarter of 2015, household final consumption expenditure rose by 0.4% in the euro area and by 0.5% in the EU28 (after +0.3% and +0.4% respectively in the previous quarter). Gross fixed capital formation remained stable in the euro area and rose by 0.3% in the EU28 (after +0.1% and +0.4%). Exports rose by 0.2% in the euro area and by 0.3% in the EU28 (after +1.6% and +1.3%). Imports increased by 0.9% in the euro area and by 1.4% in the EU28 (after +0.9% and +0.3%).

Euro is currently being traded around 1.0860 area. Pair is likely to find support around 1.08 handle and resistance above 1.09 level. There will be no major data releases in the rest of the session.

More in this category: « UK Industrial Production increased by 0.1% Australian Home Loans fell less than expected »

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