Published on Tuesday, June 20, 2017 | Updated on Thursday, June 22, 2017
Eurozone | Growth momentum stabilizes in 2Q at high levels
Summary
GDP growth was revised up to 0.6% QoQ (+0.1pp) in Q1, while improving industrial production along with very strong confidence suggest that the growth momentum will remain steady in Q2 (MICA-BBVA: 0.6%). Recently, foreign trade and retail sales have moderated slightly. Headline and core inflation declined in May, reversing the Easter calendar effect and remain subdued.
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Authors
MC
Manuel Cabanillas
MC
Manuel Cabezas
RF
Rodrigo Falbo
BBVA Research - Principal Economist
AG
Agustín García
BBVA Research - Principal Economist
MJ
Miguel Jiménez
BBVA Research - Lead Economist
FS
Fernando Soto