Today’s inflation and GDP data deluge

We've seen a flood of GDP and inflation data releases coming in hot across the eurozone and the US today. Here's a roundup of our latest commentary on what they've revealed about the current state of various economies across the globe – and where they might be headed next

In this bundle

Germany

German inflation accelerates and that should hush the 50bp rate cut debate

German inflation data adds to ECB confusion

Germany

German economy surprises in the third quarter

Today’s GDP data brings welcome relief to the battered German soul

United States

US consumers keep their feet on the gas

US consumers continue to spend strongly, but that should cool as the jobs market softens

Eurozone GDP surprised to the upside in the third quarter

Economic growth accelerated from 0.2-0.4%, in part driven by one-offs

Italy

Italian GDP data disappoints as resilience begins to fade

Weaker-than-expected domestic demand components may be the culprit behind today's disappointing data in Italy

Austria

The Austrian economy is on thin ice

Structural challenges such as demographic changes and changing trade patterns continue to weigh on economic growth

Spain

Spain continues to be one of the growth engines of the eurozone

Spanish GDP growth remains strong, but this could also rekindle inflation

Hungary

Hungary slips into technical recession again

Third quarter GDP in Hungary underperformed even the most pessimistic expectations

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