Macro - Weekly Briefings - Eurozone
Hard data released this week confirmed that activity in the eurozone held up better than expected in Q3 despite widespread recession fears. The 0.2% GDP expansion shown by preliminary estimates was confirmed, while data for industrial production in September came in stronger than expected. The strong rise in car registrations in October also adds evidence that the slowdown has so far been relatively mild compared to some of the most pessimistic expectations.
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