Q1 2018 Eurozone GDP flash report 2 May 2018

  • Prior 0.6%. Revised to 0.7%
  • 2.5% vs 2.5% exp y/y. Prior 2.7%. Revised to 2.7%
  • EU28 states 0.4% vs 0.6% prior q/q
  • 2.4% vs 2.7% prior y/y

March Eurozone unemployment 8.5% vs 8.5% exp/prior.

The GDP numbers are almost worse looking due to the higher revisions but the fact that it wasn’t worse than expected is some comfort. Still, that shows a lower pather of growth and weather or not, that’s been the most recent theme with Eurozone data.

EURUSD is still under 1.2000 and trading near 1.1990.

Ryan Littlestone

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