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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
MNI (LONDON) - Euro area economic growth was 0.2% q/q, unrevised from the flash estimate, while year-on-year growth rose to 0.6% from 0.5% in Q1, data released by Eurostat on Friday showed, but Spain's solid performance helping compensate for sluggishness elsewhere in the bloc.
Spain saw growth of 2.9% y/y, but Germany was flat, with weakness across the Baltics and Finland.
The ECB is becoming more concerned about growth across the euro area, which could play into the policy decision when the Governing Council meets on Sept 12. (see MNI SOURCES: Growth Rises Up List Of ECB's Concerns)
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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