Preliminary Eurozone GDP growth in Q1 is expected to be in line with the advanced reading of 2.5% y/y published earlier in May down from 2.8% in Q4 (revised higher from 2.7%), according to analysts at Rabobank.
Key Quotes
“Earlier today Germany’s adjusted GDP growth decelerated to 2.3% y/y in Q1 from 2.9% in Q4 according to preliminary data. This was softer than the consensus expectation of 2.4%. Later this morning Germany’s ZEW Current Situation Index is forecasted to edge lower to 85.5 in May from 87.9 and the Expectations Index to remain in the negative territory at -8.2.”
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