- Eurozone GDP (QoQ) (Q1): -3.6% actual vs –3.8% expected.
- Bloc’s GDP (YoY) (Q1): -3.1% actual vs. -3.2% expected.
- EUR/USD unmoved on data, as the dollar demand dominates.
more to come …
About Eurozone GDP
The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health. Usually, a rising trend has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).
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