Euro Area's revised Q3 GDP likely to be 0.3% (qoq) s.a.

Euro Area's revised GDP qoq on a seasonal adjusted basis for the third quarter 2015 is expected to be same as the preliminary estimate of  0.3%, as per the consensus, while GDP yoy sa is expected to be 1.6.

GDP rose by 0.3% sa in EA19 and 0.4% sa in EA28 in the third quarter of this year, when compared to the previous quarter, as per Eurostats Flash estimates. In Q2 2015, it inched up by 0.4%.

"We expect the second estimate of euro area GDP growth to confirm the first estimate of 0.3% qoq and 1.6% yoy",says Societe Generale in a research note.

The net trade seems to drag the economy, while the inventory building and private consumption contributed to the growth positively.