- GDP 0.0% vs +0.1% y/y second estimate
Euro space GDP is confirmed to see a marginal contraction in Q3. Trying on the breakdown, family consumption contributed +0.2% with authorities last expenditure contributing +0.1% on the quarter. This was offset by modifications in inventories, which was -0.3%, whereas there have been negligible contributions from gross mounted capital formation and exterior steadiness.
This text was written by Justin Low at www.forexlive.com.
