Eurozone Q3 preliminary GDP -0.1% vs 0.0% q/q expected

  • Latest data released by Eurostat - 31 October 2023
  • Prior +0.1%

The euro area economy contracted in Q3, missing marginally on estimates, as the slump in the German economy is proving to be the real drag. There were slight growths recorded in France, Spain, and Belgium but that is more than offset by contractions in Germany, Austria, Portugal, Ireland, Estonia, and Lithuania.

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