Analysts at Danske Bank point out that yesterday, euro area Q3 GDP growth came in at a four-year low of 0.2 % below consensus and their expectations (0.4%). Key Quotes “In the absence of a component breakdown, we expect that growth was primarily driven by domestic demand in light of lingering external headwinds on the trade front. In terms of country composition, weaker activity was likely to have been driven primarily by Italy and Germany, and could not be fully compensated for by an acceleration in the French Q3 growth rate.” “We lower our 2018 euro area GDP growth forecast to 1.9% based on weak data, but we still look for a small rebound in Q4 to 0.4%, primarily on the back of a recovery in German activity as production bottlenecks in the car industry subside.” “We do not think the data will ring alarm bells at the ECB as growth remains above potential (1.5%), but it strengthens the case for a downward revision of the GDP growth forecasts at the December meeting.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD stays offered below 1.1474 – Commerzbank FX Street 4 years Analysts at Danske Bank point out that yesterday, euro area Q3 GDP growth came in at a four-year low of 0.2 % below consensus and their expectations (0.4%). Key Quotes "In the absence of a component breakdown, we expect that growth was primarily driven by domestic demand in light of lingering external headwinds on the trade front. In terms of country composition, weaker activity was likely to have been driven primarily by Italy and Germany, and could not be fully compensated for by an acceleration in the French Q3 growth rate." "We lower our 2018 euro area GDP growth forecast… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
