Eurozone GDP QoQ Prelim Flash: 0.2% (Forecast 0.1%, Previous 0.8%)

Eurozone GDP:

QoQ Prelim Flash: 0.2% (Forecast 0.1%, Previous 0.8%)

YoY Prelim Flash: 2.1% (Forecast 2.1%, Previous 4.1%)

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Reuters Note -

The European Union's statistics office Eurostat estimated that gross domestic product in the 19 countries sharing the euro rose 0.2% quarter-on-quarter for a 2.1% year-on-year rise, as expected by economists polled by Reuters.

This compares with a 0.8% quarterly and 4.3% year-on-year growth in the April-June period, as the euro zone economy begins to feel the impact of soaring inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term, especially of energy prices after Russia's invasion of Ukraine, and the resulting jump in interest rates and continued supply chain problems.

Germany, Europe's biggest economy, bucked the wider trend and reported a slight acceleration of quarterly growth in the third quarter to 0.3% from 0.1% in the second quarter, though its economy still decelerated in year-on-year terms.