Eurozone Preliminary GDP arrives at 0.2% QoQ in Q3, beats estimates

Dhwani Mehta FXStreet

The Eurozone economy maintained its pace of expansion at 0.2% on quarter in the three months to September of 2019, beating 0.1% expected, the first estimate showed on Thursday.

On an annualized basis, the bloc’s economic growth came in at 1.1% from 1.2% seen in the previous readout while meeting +1.1% expectations.

About Eurozone Preliminary GDP

The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health. Usually, a rising trend has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).

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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