BREAKING: Eurozone GDP revised downward! EURUSD gains!

10:04 AM 7 September 2023

The revision of the Eurozone's Q2 2023 GDP surprised markets, which had expected a reading of 0.6% growth.

  • Eurozone GDP Y/Y: 0.5% Forecast: 0.6% Previously: 1,0%
  • Eurozone GDP M/M: 0.1% Forecast: 0.3% Previously: -0,1%

The eurozone's GDP saw a marginal increase of 0.1% in Q2, falling short of initial 0.3% projections, according to final data from Eurostat. The underwhelming growth was due to stagnant domestic consumption and declining exports. EURUSD is gaining, even though expectations for a rate hike from the ECB next week are falling.

source: xStation 5

Share:
Back

Join over 1 400 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits