October 30, 2018

Euro area Q3 growth surprised on the downside

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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
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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

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