mpc.theyserveforyou.com

mpc: 16 In the euro area, quarterly GDP growth in the second quarter had been 0.3%; the annual growth rate had slowed to 1.1%. The expenditure decomposition of this growth showed a fall in consumption, weak investment growth, and an increase in stocks. On the available indicators, GDP growth in Q3 was likely to be broadly similar to that seen in Q2. Overall, this news seemed broadly consistent with the outlook for the euro area at the time of the August Report.