Eurozone | Growth expected to stabilize in 3Q on strong confidence
Published on Tuesday, September 19, 2017 | Updated on Thursday, September 21, 2017
Eurozone | Growth expected to stabilize in 3Q on strong confidence
Summary
Our MICA-BBVA model suggests a quarterly GDP growth figure of 0.6% in 3Q, but we cannot rule out a slight moderation given weaker hard data. Both industrial output and retails sales softened in July, while exports have also moderate during 3Q. In contrast, overall confidence data remain optimistic. Annual inflation accelerated in August to 1.5% with stable core measures.
Geographies
- Geography Tags
- Europe
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Manuel Cabezas
Manuel Cabanillas
Rodrigo Falbo
BBVA Research - Principal Economist
Agustín García
BBVA Research - Principal Economist
Miguel Jiménez
BBVA Research - Lead Economist
Fernando Soto
Documents and files
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