Read more
11:14 AM · 30 October 2024

Flash Q3 eurozone and Germany GDP higher than expected 📈EURUSD gains

-
-
Open account Download free app

Q3 GDP growth (Prelim) in the Eurozone (y/y):

  • Result: 0.9% 
  • Forecast: 0.8%  
  • Previously: 0.6%

Preliminary Q3 GDP growth in the Eurozone (q/q):

  • Result: 0.4%
  • Forecast: 0.2%
  • Previously: 0.3%

Germany's preliminary Q3 GDP (y/y):

  • Result: 0.2%
  • Forecast: 0.1%
  • Previously: 0.3%

Preliminary Q3 GDP in Italy (y/y):

  • REsult: 0.4%
  • Forecast: 0.7%
  • Previously: 0.9%

Spain CPI y/y (October): 1.8% Forecast: 1.7% Previously: 1.5% 

The EURUSD pair saw stronger movements after a series of country-specific data, which partially priced in the positive surprise of the Eurozone data. Hence, despite the higher-than-expected reading, there are no significant movements on the European currency after the readings. 

  • Germany's preliminary Q3 GDP growth reading came in above expectations, which may come as a positive surprise, particularly given the continued negative sentiment on the health of the German economy. However, it is worth noting that the growth rate in Q3 was weaker than in the previous quarter.
  • A similar trend can be seen in Italy, where a reading of 0.4% represents 0.5 p.p. lower growth than in the previous quarter. The GDP data sustained the surge of an hour ago on the EURUSD pair and further strengthened the European currency.

6 February 2026, 7:36 AM

Economic calendar: Canadian labor market and Michigan Index (06.02.2026)

5 February 2026, 1:46 PM

🔵 ECB Press Conference (LIVE)

5 February 2026, 1:18 PM

BREAKING: ECB maintains rates in line with expectations!💶

5 February 2026, 12:02 PM

BREAKING: Bank of England holds rates as expected 📌 GBPUSD ticks down on dovish vote split 📉

Join over 2 000 000 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