Euro-area GDP grew 0.4% in the third quarter, above the 0.2% forecast but slower than the previous quarter’s 0.6%, InvestingLive reports. The expansion was uneven: Germany grew 0.2%, Italy stalled and France contracted 0.1%. Ireland’s 5.5% surge was driven by multinational-dominated industries. Justin Low cautions that the headline surprise masks a fragile growth picture as higher energy costs pressure the region.
Related currencies / asset groups: EUR
Justin Low argues that the better-than-expected headline masks uneven growth and pressure from higher energy costs.
Euro-area preliminary GDP grew 0.4% quarter on quarter in Q3, against 0.2% expected.
InvestingLive / ForexLiveGermany grew 0.2%, Italy stagnated and France contracted 0.1%.
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