Eurozone economic growth: analysis and future prospects
According to preliminary data for the third quarter, the eurozone‘s gross domestic product (GDP) showed a cyclical increase of 0.4%, exceeding analysts’ expectations, who expected an increase of 0.2%. This result is particularly significant compared to the 0.2% recorded in the second quarter. On an annual basis, GDP grew by 0.9%, beating the consensus that stood at 0.8% and 0.6% in the previous three months.
These data offer partial relief on economic growth in the region, highlighting positive performance from countries such as Germany, France and Spain
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National performance and future expectations
However, not all the news is positive. Italy disappointed expectations with a stagnant GDP in the quarter, raising concerns about its resilience. This scenario highlights the disparities within the eurozone, where the strongest economies are driving growth, while others, such as the Italian one, are struggling to keep up. Tomorrow, key eurozone inflation data will be published, with forecasts of an acceleration to 1.9%, but with a core figure falling to 2.6%. These numbers could influence future decisions of the European Central Bank (ECB) regarding monetary policy.
Impact on markets and business prospects
In response to these data, the financial markets showed a declining start, with Piazza Affari and the other European stock exchanges opening in negative territory. In particular, Campari fell sharply after posting below-expected results. On the contrary, Lottomatica has lifted the veil on the accounts for the first nine months of 2024, confirming guidance for the entire financial year. AMD also recorded a drop in trading after presenting lower revenue forecasts than analysts’ estimates. These events highlight how economic data directly affects business performance and investor expectations
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