Eurozone: Q3 GDP second releases in focus – Goldman Sachs

FXStreet (Delhi) – Matteo Leombroni, Research Analyst at Goldman Sachs, suggests that the focus area in Eurozone this week would be the second releases of Q3 German and Spanish GDP which will be published on Tuesday and Thursday respectively next week, with the UK second release being published on Friday.

Key Quotes

“These will include a formal expenditure breakdown of GDP growth in the third quarter. According to the first release, German GDP grew +0.3%qoq in Q3, Spanish GDP expanded by +0.8%qoq, and UK output rose by +0.5%qoq. The first releases only included a narrative breakdown, which for Germany and Spain showed a positive contribution of domestic demand, partly offset by a contraction in net trade.”