October 30, 2018

Euro area Q3 growth surprised on the downside

Share on facebook
Share on twitter
Share on linkedin
Share on email

In Short

Euro area (EA) Q3 growth was only 0.2% qoq, below expectation of 0.4% qoq. However, noise surrounding the German car industry likely played a major role giving leeway for a Q4 rebound.
Euro area Q3 growth surprised on the downside
Share on facebook
Share on twitter
Share on linkedin
Share on email

Highlights:

  • Euro area (EA) Q3 growth was only 0.2% qoq, below expectation of 0.4% qoq.
  • However, noise surrounding the German car industry likely played a major role giving leeway for a Q4 rebound.
  • We revised EA growth forecasts slightly down but see no impact on the ECB policy outlook.

Download the full publication below

EURO AREA Q3 GROWTH SURPRISED ON THE DOWNSIDE

Also interesting

EU flag green
July 26, 2021
Focal Point

ECB greening of the credit market to start in 2022

triple peak
July 23, 2021
Market Perspectives

Market Perspectives ǀ Overfretting about the triple peak

European-Central-Bank-in-Frankfurt_web
July 22, 2021
Market Commentary

ECB sends a dovish message as new strategy increases threshold for raising rates