Euro / U.S. DollarUpdated EURUSD - 08/06
Eurostat's final estimate, published on Thursday, confirmed that the Eurozone economy shrunk in the first quarter of 2023. The Gross Domestic Product (GDP) in the continent contracted by 0.1% compared to the previous quarter.
This was in contrast to the preliminary figure which showed a 0.1% growth.
The market did not expect any change.
On a yearly basis, the GDP grew 1.0%, which was lower than the initial estimate of 1.3% and also missed the market expectation of a 1.2% increase.
The Final Employment Change in the Eurozone was 0.6% and 1.6% on a monthly and yearly basis respectively.
This was in contrast to the preliminary figure which showed a 0.1% growth.
The market did not expect any change.
On a yearly basis, the GDP grew 1.0%, which was lower than the initial estimate of 1.3% and also missed the market expectation of a 1.2% increase.
The Final Employment Change in the Eurozone was 0.6% and 1.6% on a monthly and yearly basis respectively.
Note
Turkish state banks are once again providing support to the lira after a brief pause in selling dollars on Wednesday led to the currency's largest decline in over a year.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.