020 7898 0500The eurozone saw some positive data released yesterday, although the single currency still slid against sterling following continued expectations of a rate hike on Thursday. It did, however manage to climb against the dollar, owing to GDP figures released from Spain.
In the third quarter of 2017, Spain’s GDP grew by 0.8%, meaning it grew twice as fast as the UK’s in the same period. In addition, the Spanish stock market climbed by 2.4% to recover all of Friday’s losses and put paid to fears – albeit temporarily – regarding the situation between Spain and Catalonia.
Over in Germany – the eurozone’s largest economy – annual retail sales figures beat forecasts, coming in at 4.1% against an expectation of 3%. However, monthly sales were slightly below forecast, coming in at 0.5% growth against expectations of 0.7%. Finally, inflation fell from 1.8% to 1.6%. Today is a busy one for the eurozone, as GDP growth and unemployment rate figures are released.
