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MNI: EUROZONE DATA: Flash GDP (Q1 2019)..............>

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MNI: EUROZONE DATA: Flash GDP (Q1 2019)
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- Flash GDP (Q1): 0.4% q/q, 1.2% y/y; Prev (Q4): 0.2% q/q, 1.2% y/y
- Flash GDP data unrevised from preliminary flash
- EZ economic growth picked up by 0.2pp compared to Q4, reaching its fastest
rate since Q2 2018
- Across the larger member states, q/q growth accelerated in Germany (0.4% from
0.0% in Q4), Italy (0.2% after -0.1% in Q4), Spain (0.7% following 0.6% in Q4) &
Portugal (up 0.1pp to 0.5%)...
- ... while it held steady in France (0.3%), the Netherlands (0.5%) & Austria
(0.3%)...
- ... and eased slightly in Finland (0.6% after 0.8% in Q4) & Belgium (down
0.2pp to 0.2%)
- Forward-looking indicators - including sentiment surveys & industrial orders -
suggest that economic growth will cool in Q2
- EZ employment growth, meanwhile, held steady in Q1 at 0.3% q/q & 1.3% y/y

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