Technical Analysis

Eurozone Q3 final GDP +0.3% vs +0.2% q/q second estimate

  • GDP +2.3% vs +2.1% y/y second estimate

There’s a slight revision higher and looking at the breakdown, household consumption expenditure contributed to 0.4% in GDP growth while contribution from government final expenditure was negligible. Meanwhile, gross fixed capital formation contributed 0.8%, contribution from external balance was negative at -1.1%, and contribution from changes in inventories was seen up 0.2%.

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