New data GDP Growth Rate QoQ (Q3)
11/29/2024
actual 0.4, previous 0.2
The event is the release of the GDP Growth Rate Quarter-over-Quarter (QoQ) for the third quarter in France. The actual GDP growth rate reported is 0.4%, which is in line with the market estimate of 0.4%. This indicates that the French economy grew by 0.4% during the third quarter.The previous GDP growth rate was 0.2%, so there has been an increase of 0.2 percentage points from the previous quarter. This is a positive sign for the economy as it shows an improvement in economic growth.
The impact of this event is considered medium, meaning it could have some influence on the market, particularly for the Euro (EUR) currency. Traders and investors will be watching this data closely to assess the health of the French economy and its potential impact on the broader Eurozone.
This is not investment advice. Remember to verify the information provided here.
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