Euro area GDP growth measures how much the economy expanded or shrank last quarter, the broadest read on the euro area economy.
Actual
-0.7%
Forecast
-2.2%
Previous
12.4%
Source: EUROSTAT. Figures as released; revisions appear in the next print.
Euro Area GDP Growth Rate for Q4 2020 came in at -0.7% versus -2.2% expected (previous 12.4%), above forecast, which was positive for the EUR.
What it meant for the Euro
The actual landed above the -2.2% forecast (1.5 above expectations). A reading above forecast is generally bullish for the EUR, and below forecast bearish. On this release the read was positive for the EUR.
New to this release? See what Euro Area GDP Growth Rate measures, the next release and its full history.