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September 2015

Eurozone Q2 GDP upwardly revised

Published: Tuesday 08 September 2015

The Eurozone Q2 growth was adjusted slightly higher to 0.4% QoQ in the second estimate released this morning, up from 0.3% in the preliminary estimate. The bulk of the recovery in Q2 was made in Germany and Spain, each contributing about 0.1% to the region’s growth. This data release follows stronger Eurozone data generally, with PMI’s last week showing an improvement in business conditions. This morning’s German trade data also beat expectations, exports rising 6.2% year on year in July with Finance minister Wolfgang Schaeuble stating the German economy is robust despite global risks.