Q3 2015 Eurozone GDP revision data report 8 December 2015

  • Flash 0.3%. Q2 0.4%
  • 1.6% vs 1.6% exp y/y. Flash 1.6%. Q2 1.5%
  • Household consumption 0.4% vs 0.5% exp q/q. Prior 0.4%. Revised to 0.3%
  • Government expenditure 0.6% vs 0.3% exp q/q. Prior 0.3%
  • Gross fixed cap formation 0.0% vs 0.2% exp q/q. Prior -0.5%. Revised to +0.1%
  • Exports 0.2% vs 1.6% q/q in Q2
  • 4.4% vs 5.8% prior y/y
  • Imports 0.9% vs 0.9% q/q in Q2
  • 4.9% vs 5.5% prior y/y
  • EU 28 states 0.4% unch q/q
  • 1.9% unch y/y

Unchanged on the quarter so far and some mixed numbers digging down into the details. Consumption was down and revised lower, Government spending was higher, infrastructure spending was down but got a good revision

There's nothing to say the boom times are around the corner, and nothing to say the ECB will be taking their foot off the gas anytime soon

Trade is still showing some good signs of life though

EURUSD is not doing much at 1.0855

Q3 Eurozone GDP y/y