020 7898 0500The eurozone’s economy does not look like it is performing that well at present, if the flash reading of the GDP growth rate for the third quarter of 2018 is anything to go
by. Figures released yesterday showed that the eurozone’s economy slumped to just 0.2% growth in the three months to September 2018, against market expectations of 0.4%.
Italy’s economy stagnated in the same period, so much of the blame is being laid at the eurozone’s third-largest economy’s door. However, France posted a healthy 0.4% growth,
which would appear to indicate that Germany’s economy hasn’t done that well in recent time. We will know more when the figures are released next month.
Other releases included the German inflation rate for October, which showed inflation increased to 2.5% from 2.3% the previous month, and higher than the 2.4% forecast. We
also saw the unemployment rate for the same month in Germany, which came in as expected at 5.1%.
Today we will see the eurozone’s inflation rate for October, which is expected to have nudged up to 2.2% from 2.1% the previous month. We will also see the unemployment rate
for September and German retail sales for the same month.
