wrapper

Eurozone GDP grew by 0.5% in Q1

Friday, May 13 2016
Seasonally adjusted GDP rose by 0.5% in both the euro area (EA19) and the EU28 during the first quarter of 2016, 
compared with the previous quarter, according to a flash estimate published by Eurostat. In the fourth quarter of 2015, GDP grew by 0.3% and 0.4% respectively. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.5% in the euro area and by 1.7% in the EU28 in the first quarter of 2016, after +1.6% and +1.8% respectively in theprevious quarter.
Earlier today, separate report showd that the German economy gained pace at the start of this year. In the first quarter of 2016, the gross domestic product (GDP) rose 0.7% on the fourth quarter of 2015 after adjustment for price, seasonal and calendar variations. The moderate growth path of last year (+0.3% in the last quarter of 2015) thus accelerated, reports the Federal Statistical Office (Destatis).The quarter-on-quarter comparison shows that positive contributions mainly came from domestic demand, according to provisional calculations. 
 
Euro is currently being traded few points below 1.1350 level. Pair is likely to find support around 1.13 handle and resistance above 1.1430 level. Later today, in the US session, Retail Sales, PPI and Consumer Sentiment figures will be released.
More in this category: « Aussie lower in an overnight trade US Retail Sales at a highest level in a year »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.