Home Eurozone Preliminary GDP arrives at 12.6% QoQ in Q3 vs. +12.7% expected

Eurozone Preliminary GDP arrives at 12.6% QoQ in Q3 vs. +12.7% expected

Updated: 13 Nov. 2020 | 11:02

The Eurozone economy saw a rebound of 12.6% on quarter in the three months to September of 2020, missing +12.7% expected, the second estimate showed on Friday.

more to come ….

About Eurozone Preliminary 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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