Europe: Off to the races – ANZ
|Analysts at ANZ note that for the first time in a while, economic growth across Europe’s major economies is showing some more backbone.
Key Quotes
“Overnight Germany recorded very strong Q3 growth of +0.8% q/q, +2.8% y/y WDA. Notably, exports and investment were strong according to DeStatis. So far this year, Germany has been growing at a 3% annualised pace. But others are joining the party, with euro area Q3 GDP rising 0.6% q/q, +2.5% y/y. In the other big three economies, growth in France was 2.2% y/y, Italy 1.8% y/y and Spain 3.1% y/y.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.