- Prior -0.1%
- GDP Y/Y +0.4% vs +0.6% expected
- Prior +0.4%
Some misses here but it won’t change anything for the ECB.
The agency notes “the quarter on quarter change of GDP was the result of an increase of value added in agriculture, forestry and fishing, a slight decrease in industry and a stationarity in services. From the demand side, the negative contribution of the domestic component (gross of change in inventories) was substantially compensated by the positive contribution of net exports.”
This article was written by Giuseppe Dellamotta at investinglive.com.