EMU: GDP contraction accelerates more than expected in Q4

FXstreet.com (Barcelona) - Preliminary quarterly Eurozone GDP data, released today by Eurostat point to a 0.6% decrease in the fourth quarter of 2012, following a 0.1% decline registered the previous quarter. Market experts projected less contraction of -0.4%.

On an annual basis Eurozone GDP fell 0.9% in Q4, compared with the 0.6% drop in Q3 and exceeding expectations of a 0.7% decrease.

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 securities. 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 Forex 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.

RELATED TOPICS