- Analytics
- News and Tools
- Market News
- Euro area: moderate but uneven growth – Commerzbank
Euro area: moderate but uneven growth – Commerzbank
Gross domestic product in the euro area rose again by 0.3% in the second quarter. While Spain's economy grew significantly, Germany's economy actually fell slightly. Once again, strong foreign trade apparently supported growth in the euro area, Commerzbank’s economist Dr. Vincent Stamer notes.
Euro area economy is likely to develop weakly in the coming quarters
“According to preliminary data from Eurostat, seasonally adjusted real gross domestic product grew by 0.3% in the second quarter of 2024 compared to the first quarter. The majority of economists surveyed in advance had expected a slight increase of 0.2%. Economic growth in the euro area had already surprised with a positive figure in the previous quarter (also 0.3%).”
“However, growth is unevenly distributed: While France (0.3%) and Italy (0.2%) grew moderately and Spain again recorded a particularly high growth rate (0.8%), Germany's gross domestic product actually fell slightly by 0.1%. Also, the economy in the euro area grew faster than expected in the first quarter.”
“Economic indicators such as the composite Purchasing Managers' Index also signal a weak start to the third quarter. Without strong foreign trade, the euro area economy is therefore likely to develop only weakly in the coming quarters.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
