Two major economies reported their 2Q12 GDP data alongwith Hungary, Austria and Slovakia.
Germany: 2Q12 GDP at 0.3 percent vs exp 0.2 percent vs prv 0.5 percent. A slight slowdown that previous quarter but came in higher than expectations. On a y/y basis, GDP came in at -0.5 percent vs expectations of 1 percent vs prv period’s data of 1.7 percent.
France: GDP data came in unchanged at 0.0 percent, so France saw no expansion or contraction for the period.
Hungary: On a y/y basis, GDP contracted 1.2 percent vs exp contraction of 1.0 percent and prv period’s decline of 0.7 percent.
Austria: GDP rose in line with expectations at 0.2 percent vs prv growth of 0.5 percent on a y/y basis
Slovakia: GDP came in at 2.70 percent, in line with expectations.
Categories: General News