(Finance) – Estimated to increase more than expected on Euroland GDP of Q2 2022. According to Eurostat’s preliminary estimate, the Eurozone’s GDP is increased by 0.7%compared to + 0.6% in the previous three months and to + 0.2% indicated by analysts. Over the year the estimate is + 4%, higher than the 3.4% of the consensus, after the + 5.4% of the previous quarter.
Inflation also picked up robustly in July, still exceeding forecasts and confirming the strong tensions on prices. The trend figure marks a + 8.9%, higher than the previous and expected 8.6%. This is a new record since the introduction of the single currency.
Over the month, on the other hand, consumer prices should have registered an increase of 0.1% after the + 0.8% of the previous month, exceeding the consensus (-0.1%).