Eurozone Preliminary GDP drops by 0.1% QoQ in Q3 vs. 0% expected

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Eurozone Preliminary GDP drops by 0.1% QoQ in Q3 vs. 0% expected
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The Eurozone economy contracted by 0.1%, on a quarterly basis, in the three months to September of 2023, missing the 0% estimates and slowing down from the pace of 0.

TheEurozoneeconomy contracted by 0.1%, on a quarterly basis, in the three months to September of 2023, missing the 0% estimates and slowing down from the pace of 0.1%seen in the first quarter of 2023, the preliminary estimate released by Eurostat showed Tuesday. The old continent’s GDP grew by an annual rate of 0.1% in Q3 vs. a 0.5% expansion in Q2 while meeting 0.2% expectations. EUR/USD reaction to the Eurozone GDP data EUR/USDwas last seen trading at 1.0654, up 0.41% on the day.

09% 0.15% 1.14% -0.03% 0.05% AUD -0.07% -0.43% -0.21% -0.12% 0.99% -0.18% -0.11% JPY -1.06% -1.40% -1.21% -1.16% -0.99% -1.16% -1.09% NZD 0.13% -0.25% -0.05% 0.06% 0.16% 1.16% 0.06% CHF 0.03% -0.34% -0.13% -0.05% 0.07% 1.09% -0.09% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row.

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