The Eurozone economy expanded by 0.3% in the three months to June of 2024, at the same pace as seen in the first quarter, according to the preliminary estimate released by Eurostat on Tuesday.
The Eurozone economy expanded by 0.3% in the three months to June of 2024, at the same pace as seen in the first quarter, according to the preliminary estimate released by Eurostat on Tuesday. The GDP data beat the market forecast for a 0.2% growth. The bloc’s GDP expanded at an annual pace of 0.6% in Q2 vs. 0.4%% in Q1 while aligning with the estimated 0.6% print.
Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde. How does inflation data impact the value of the Euro? Eurozone inflation data, measured by the Harmonized Index of Consumer Prices , is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
German Preliminary GDP contracts 0.1% QoQ in Q2 vs. 0.1% growth expectedThe German economy contracted by 0.1% over the quarter in the second quarter of 2024 after growing 0.2% in the first quarter, the preliminary data published by Destatis showed on Tuesday.
Read more »
Eurozone Preliminary Manufacturing PMI edges lower to 45.6 in July vs. 46.1 expectedThe Eurozone manufacturing sector contraction extended while the services sector activity lost its recovery momentum in July, according to the data from the HCOB's latest Purchasing Managers Index (PMI) Survey published on Wednesday.
Read more »
Eurozone Preliminary HICP inflation falls to 2.5% YoY in June, as expectedThe Eurozone Harmonized Index of Consumer Prices (HICP) rose 2.5% in the year through June, higher than a 2.6% growth registered in May, the official data released by Eurostat showed Tuesday.
Read more »
EUR/JPY attracts some buyers above 167.00 ahead of German/Eurozone GDP dataThe EUR/JPY cross recovers some lost ground near 167.20 during the early European session on Tuesday.
Read more »
EUR/JPY weakens near 166.50 ahead of Eurozone GDP, German CPI dataThe EUR/JPY cross remains on the defensive around 166.55 during the early European trading hours on Monday.
Read more »
EUR/USD extends upside above 1.0850, eyes on Eurozone GDP, Fed rate decisionThe EUR/USD pair trades with mild gains around 1.0860 during the early Asian trading hours on Monday.
Read more »