Latest data released by Eurostat - 7 December 2018
- Final GDP +1.6% vs +1.7% y/y second estimate
- Household consumption +0.1% vs +0.2% q/q expected
- Prior +0.2%
- Government expenditure +0.2% vs +0.3% q/q expected
- Prior +0.4%
Second estimate for the readings can be found here. Pretty much in-line with expectations here as the quarterly reading remains unchanged from the second estimate. However, the yearly reading slips a little to be the slowest annual pace of growth since Q4 2014. That isn't particularly a good sign.
But markets right now are pretty much focused on whether or not we will see a rebound in Q4 so the release here is very much negligible. EUR/USD remains flat at 1.1370 while EUR/GBP falls from earlier highs to 0.8906 as the pound recovers a little on the day.
