Eurozone Growth Disappoints but Remains Steady

Azad Zangan, Schroders

Date:

Eurozone Growth Disappoints but Remains Steady

Autor: Fórmate a Fondo

We continue to expect an acceleration in the second half of the year as ongoing oil price weakness boosts households’ spending power.

The biggest disappointment came from France; and Italy also missed consensus expectations

In Germany actual growth rate of 0.4% only represents a slight miss: and Spain had released its preliminary estimate for growth earlier, showing another strong quarter of 1% growth