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Spain GDP Growth Rate QoQ
The fourth-largest economy in the Euro Zone and the fifth largest economy in the European Union, Spain boasts a thriving and diverse manufacturing industry, and it is also one of the world's most popular tourism destinations. Spain's GDP is dominated by household consumption (58% of GDP), followed by gross fixed capital formation (21%) and government expenditure (18%). In terms of investments, concrete fixed assets account for 18% of GDP, with construction accounting for 10% and machinery, equipment, and weapon systems accounting for 7%, intellectual property goods account for the remaining 3%. Adding 3% of total GDP, exports of goods and services account for 34%, while imports account for 31%.
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.
Forex Sentiment (EUR)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURUSD |
|
|
1.1329 -443 pips |
1.1574 +198 pips |
1.17718 | |
| EURAUD |
|
|
1.7389 -646 pips |
1.7951 +84 pips |
1.80349 | |
| EURJPY |
|
|
164.7686 -532 pips |
168.8184 +127 pips |
170.087 | |
| EURCAD |
|
|
1.5683 -343 pips |
1.5977 +49 pips |
1.60260 | |
| EURCHF |
|
|
0.9358 +10 pips |
0.9530 -182 pips |
0.93477 | |
| EURCZK |
|
|
24.6901 +542 pips |
0 +246359 pips |
24.63593 | |
| EURGBP |
|
|
0.8540 -95 pips |
0.8619 +16 pips |
0.86345 | |
| EURHUF |
|
|
397.9672 -45 pips |
405.3240 -691 pips |
398.42 | |
| EURNOK |
|
|
11.4398 -4301 pips |
11.8469 +230 pips |
11.8699 | |
| EURNZD |
|
|
1.8863 -652 pips |
1.9405 +110 pips |
1.95148 |
News (EUR)
German Factory Orders Log Bigger-Than-Expected Fall
Germany's factory orders declined more than expected in May on falling demand from both the domestic market and other euro area economies, official data revealed on Friday. Factory orders decreased 1.4 percent from a month ago, Destatis reported. Orders were expected to drop 0.2 percent after an upwardly revised 1.6 percent rise in April. Orders declined for the first time in four months.
RTTNews | 2 days ago
Eurozone Private Sector Expands More Than Estimated
The euro area private sector expanded more than previously estimated in June as both manufacturing and services sectors registered higher output, final survey results from S&P Global showed on Thursday. The HCOB final composite output index advanced to 50.6 in June from 50.2 in May. The reading was well above the flash estimate of 50.2.
RTTNews | 3 days ago
German Unemployment Climbs Less Than Expected In June
Joblessness in Germany rose in June but at a slower than expected pace, official figures revealed on Tuesday, as activity in the biggest economy in the euro area remains sluggish.
RTTNews | 5 days ago
