Wednesday, October 30, 2024
HomeForex TradingEurozone GDP development slowed to 0.2% qoq in Q3

Eurozone GDP development slowed to 0.2% qoq in Q3

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Eurozone GDP grew 0.2% qoq in Q3, barely above expectation of 0.1% qoq, however a lot slower than Q2’s 0.8% qoq. EU GDP grew 0.2% qoq too, slowed from Q2’s 0.7% qoq.

Among the many Member States for which information can be found for the third quarter of 2022, Sweden (+0.7%) recorded the best improve in comparison with the earlier quarter, adopted by Italy (+0.5%), Portugal and Lithuania (each +0.4%). Declines have been recorded in Latvia (-1.7%) in addition to in Austria and Belgium (each -0.1%). The year-on-year development charges have been optimistic for all international locations aside from Latvia (-0.4%).

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