Prior -0.1%GDP Y/Y +0.4% vs +0.6% expectedPrior +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.