HICP inflation in the eurozone was 8.9%, and GDP was 0.7%
12:20
HICP inflation in the eurozone was 8.9 percent y/y in July this year, compared to 8.6 percent y/y inflation a month earlier, the EU's statistical office Eurostat said, presenting preliminary data. The market consensus was 8.6 percent y/y.
Full HICP inflation data for July will be published on August 18.
Seasonally adjusted Gross Domestic Product (GDP) grew by 0.7 percent q/q in the eurozone and by 0.6 percent in the European Union as a whole in the second quarter of 2022, according to updated data from the statistical office Eurostat.
The market consensus for the eurozone was 0.2 percent quarter-on-quarter growth. On an annual basis, seasonally adjusted GDP grew by 4 percent. The market consensus for the eurozone was for 3.4 percent growth in this measure.
