Highlights of the Q2 2015 Eurozone GDP revision data report 8 September 2015

  • Flash 0.3%. Q1 0.4%. Revised to 0.5%
  • 1.5% vs 1.2% exp y/y. Flash 1.2%. Q1 1.0%
  • Exports 1.6% vs 1.0% prior q/q
  • 5.2% vs 4.8% prior y/y
  • Imports 1.0% vs 1.5% prior q/q
  • 5.2% vs 5.5% prior y/y
  • EU 28 states 0.4% vs 0.5% in Q1 q/q
  • 1.9% vs 1.7% prior
  • Household spending 0.4% vs 0.5% prior
  • Gross fixed capital formation -0.5% vs +1.4% prior
  • Gov spending 0.3% vs 0.6% prior

Wow. Upwardly revised growth. Let's see what the details say

Despite the beat GDP is lower than Q1. Government spending is down, infrastructure is down, household spend is down, but that's all put to one side with the increase in trade activity. Europe is exporting more than it's importing and that's good news

Eurozone Q2 2015 GDP revision y/y