The Gross Domestic Product preliminary quarter-on-quarter of the euro zone has shown a 12.7% rise in the third quarter of the year, above the 9.4% forecast, notably improving the decrease of 11.8% in the previous quarter. This is the largest rise seen by the indicator in its history.
Year-on-year GDP has fallen 4.3%, moderating the previous decline of 14.8% and the expected decline of 7%.
The Eurozone has also released its preliminary inflation data for October. He Annual CPI has fallen by 0.3%, as expected, matching the September drop. The annual Core Consumer Price Index rose again 0.2%, meeting expectations.
Finally, the rate of Unemployment in the region has remained at 8.3% during the month of September, confirming the forecasts.
EUR / USD reaction
The EUR/USD It has barely reacted to the data published in the euro zone, and continues to operate under pressure around the 1.1670 zone, trading 0.03% below its opening price.
.
Credits: Forex Street
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
