Eurozone GDP rises 0.1% QoQ in Q4 2024, beating the preliminary estimate

Dhwani Mehta FXStreet

The Eurozone economy witnessed a growth of 0.1% in the quarter to December of 2024, surpassing the preliminary reading of 0%, the second estimate released by Eurostat showed on Friday.

The bloc’s Gross Domestic Product (GDP) increased at an annual rate of 0.9% in Q4 vs. the initial estimate of 0.9%, matching the market consensus.

Meanwhile, the Eurozone Employment Change for Q4 arrived at 0.1% quarter-on-quarter (QoQ) and 0.6% year-on-year (YoY).

Market reaction

The Eurozone data fails to provide a fresh boost to the Euro. At the press time, EUR/USD trades 0.12% higher on the day at 1.0478.

Euro PRICE Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the US Dollar.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		-0.15%	-0.20%	-0.17%	-0.12%	-0.32%	-0.53%	-0.14%
EUR	0.15%		-0.05%	-0.02%	0.03%	-0.18%	-0.39%	0.01%
GBP	0.20%	0.05%		0.04%	0.08%	-0.12%	-0.33%	0.07%
JPY	0.17%	0.02%	-0.04%		0.03%	-0.17%	-0.38%	0.01%
CAD	0.12%	-0.03%	-0.08%	-0.03%		-0.22%	-0.41%	-0.02%
AUD	0.32%	0.18%	0.12%	0.17%	0.22%		-0.21%	0.18%
NZD	0.53%	0.39%	0.33%	0.38%	0.41%	0.21%		0.40%
CHF	0.14%	-0.01%	-0.07%	-0.01%	0.02%	-0.18%	-0.40%

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. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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