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Eurozone GDP and German Trade Data Puts the EUR Back in Focus


th quarter were in focus.
In January, household spending slid by 7.3% month-on-month, reversing a modest 0.9% rise from December. Year-on-year, spending fell by 6.1%, which was worse than a forecasted 2.1% decline. In December, spending had fallen by 0.6%.
Spending on clothing & footwear slumped by 28.8%, with spending on culture & recreation tumbling by 20.3%.
There were also declines in spending on food (-2.2%), housing (-5.5%), medical care (-5.9%), and transportation & communication (-3.5%).
Spending on furniture & household utensils jumped by 17.3%, however, with spending on fuel, light, & water charges up 5.5%.
Spending on education rose by a more modest 2.9%.
In the 4
st estimate 3.0%. In the 3
rd quarter, the economy had expanded by 5.3%. ....

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