Eurozone GDP up by 0.3%

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Friday, Feb 13 2015

Seasonally adjusted GDP rose by 0.3% in the euro area (EA18) and by 0.4% in the EU28 during the fourth quarter of 2014, compared with the previous quarter, according to flash estimates. Analysts were anticipating 0.2% incline. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 0.9% in the euro area and by 1.3% in the EU28 in the fourth quarter of 2014, after +0.8% and +1.3% respectively in the previous quarter.

Earlier today, Italian GDP figures were released, showing data in line with market forecasts. In the fourth quarter of 2014 the seasonally and calendar adjusted, chained volume measure of Gross domestic product (GDP) remained unchanged with respect to the third quarter of 2014 and decreased by 0.3 percent in comparison with the fourth quarter of 2013.

Data did not have any major impact on the markets. Euro is currently being traded around 1.1430 level. Pair is likely to find support around 1.1350 level and resistance near 1.15 handle. Later today, in the US session, Consumer Sentiment figures are scheduled for a release.

More in this category: « Aussie stable above 0.77 handle US Consumer Sentiment fell in February »

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