Eurozone Final GDP revised higher to 0.8% QoQ in Q2

The Eurozone economy expanded by 0.8% on the quarter in the three months to June of 2022 vs. 0.6% prior, the final revision confirmed on Wednesday. The market consensus was for a reading of 0.6% in the reported period. On an annualized basis, the bloc’s GDP rate rose by 4.1% in Q2 vs. 3.9% booked in the first estimate while matching 3.9% expectations.

When writing, EUR/USD traded at 0.9909, up 0.10% during the day. Unfortunately, the euro failed to find inspiration from the upbeat Eurozone GDP and employment data.