• GDP 0.0% vs +0.1% y/y second estimate

Euro area GDP is confirmed to see a marginal contraction in Q3. Looking at the breakdown, household consumption contributed +0.2% with government final expenditure contributing +0.1% on the quarter. This was offset by changes in inventories, which was -0.3%, while there were negligible contributions from gross fixed capital formation and external balance.

This article was written by Justin Low at www.forexlive.com.