Eurozone Q3 preliminary GDP +0.4% vs +0.2% q/q expected

• Prior +0.2%

The beat here is most welcome but it doesn’t take away from the struggling outlook. Germany’s manufacturing sector remains in recession and the boost to France in Q3 is largely thanks to a one-off demand shot in the arm from the Olympics. That will keep the pressure on the ECB especially if there is no prospects for improvement in Q4.

This article was written by Justin Low at www.forexlive.com.