| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 07:00 | Germany | GDP (QoQ) | Quarter III | 0.1% | 0.3% | 0.4% |
| 07:00 | Germany | GDP (YoY) | Quarter III | 1.6% | 1.2% | 1.3% |
| 07:00 | Germany | Gfk Consumer Confidence Survey | December | -41.9 | -39.6 | -40.2 |
| 07:30 | Switzerland | Non Farm Payrolls | Quarter III | 5.316 | | 5.362 |
| 07:45 | France | Consumer confidence | November | 82 | 83 | 83 |
EUR advanced against most of its major rivals in the European session on Friday as the recent set of economic data out of the eurozone supported the view that the looming economic downturn in the region would be milder than anticipated.
The euro weakened slightly versus the USD but rose against the rest of the major rivals.
The latest surveys of business sentiment and consumer confidence in Germany, the eurozone’s largest economy, revealed a little less pessimism, while the Eurozone November PMIs showed a moderation in the slowdown of business activity in the region’s manufacturing and services sector. In addition, today’s German final GDP data showed that the economy in the third quarter grew slightly more than initially estimated. All these data fuelled hopes that the recession in the region will be shallow.