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UK GDP and Eurozone data remains broadly unchanged - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 25, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Research Team at TDS, notes that the second print of UK 15Q4 GDP repeated the initial 0.5% q/q estimate, as broadly expected.

    Key Quotes

    “In terms of the composition of demand, today’s data shows that household spending remained the dominant contributor to growth (accounting for 0.4pp out of 0.5%). International trade subtracted about the same on account of strong imports, but this was offset entirely by inventory gains. Worryingly, there was a sharp pullback in business investment in the quarter, which fell by 2.1%, one of its worst declines since the financial crisis.

    EUR: Final (& rebased) January CPI figures for Germany and the euro area were released. The German total HICP and euro area core numbers confirmed their prior prints (0.4% y/y and 1.0% respectively), while the euro area aggregate headline HICP number was revised down from 0.4% to 0.3% y/y.”
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