Euro Area — Preliminary Gross Domestic Product:
- GDP (seasonally adjusted, q/q): 0.2% (forecast: 0,1%; previous: 0.1%)
- GDP (seasonally adjusted, y/y): 1,3% (forecast: 1,2%; previous: 1.5%)
Euro Area — Labor Market Data
- Unemployment rate: current 6.3%; (forecast 6.3%; previous 6.3%)
The preliminary GDP figures for the Euro Area indicate a slightly better-than-expected economic performance in Q3. Quarter-on-quarter, GDP rose by 0.2%, above the forecast of 0.1% and an increase from the previous quarter’s 0.1%. Year-on-year, GDP grew by 1.3%, slightly surpassing expectations of 1.2%, though lower than last quarter’s 1.5%. These results suggest that the Eurozone economy continues to expand at a modest pace despite persistent headwinds such as elevated interest rates and subdued demand.
On the back of these figures, the euro is strengthening against the US dollar.
Source: xStation5
The material on this page does not constitute financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other specific needs. All information provided, including opinions, market research, mathematical results and technical analyzes published on the Website or transmitted To you by other means, it is provided for information purposes only and should in no way be construed as an offer or solicitation for a transaction in any financial instrument, nor should the information provided be construed as advice of a legal or financial nature on which any investment decisions you make should be based exclusively To your level of understanding, investment objectives, financial situation, or other specific needs, any decision to act on the information published on the Website or sent to you by other means is entirely at your own risk if you In doubt or unsure about your understanding of a particular product, instrument, service or transaction, you should seek professional or legal advice before trading. Investing in CFDs carries a high level of risk, as they are leveraged products and have small movements Often the market can result in much larger movements in the value of your investment, and this can work against you or in your favor. Please ensure you fully understand the risks involved, taking into account investments objectives and level of experience, before trading and, if necessary, seek independent advice.
