News
🚨 🇩🇪 German economy grows 0.2% in Q3 against 0.1% expected, 🇮🇹 Italy stalls, German state inflation cools sharply
🚨 🇩🇪 German economy grows 0.2% in Q3 against 0.1% expected, 🇮🇹 Italy stalls, German state inflation cools sharply
- 🇩🇪 German GDP rose 0.2% on the quarter in the Q3 flash, above the 0.1% expected, after 0.3% in Q2; the annual rate was 1.2% against 1.1% forecast (Destatis, newswires, )
- 🇮🇹 Italy's economy flatlined in Q3, with GDP unchanged on the quarter against 0.1% growth expected, and annual growth slowed to 0.8% from 1.0% (Istat, newswires, )
FO view: Germany's beat offsets France's contraction and Italy's stall, but cooling German state prices cut against the hotter French print, which tempers the case for a December ECB hike as the energy shock hits growth more than core prices.
Not investment advice.