Eurozone | The moderation of confidence continues
Published on Monday, March 26, 2018 | Updated on Monday, March 26, 2018
Eurozone | The moderation of confidence continues
Summary
Our MICA-BBVA model suggests a cruise speed growth in 1Q18 at 0.6/0.7% QoQ, supported by strong global trade and fixed investment. Despite solid fundamentals, we observed early signs of moderation as weak hard data in January adds to a cooled optimism in 1Q. Annual inflation eased again to 1.1% in February driven by food, while the core figure remained steady at 1.2%.
Geographies
- Geography Tags
- Europe
Topics
- Topic Tags
- Macroeconomic Analysis
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Authors
Manuel Cabezas
Rodrigo Falbo
BBVA Research - Principal Economist
Agustín García
BBVA Research - Principal Economist
Miguel Jiménez
BBVA Research - Lead Economist
Iñaki Martínez
Fernando Soto
Documents and files
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