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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.
EUROZONE DATA
EZ Q1 PRELIM. FLASH GDP -0.6% Q/Q SA, -1.8% Y/Y WDA
EZ Q4 GDP +0.7% Q/Q SA; -4.9% Y/Y WDA
- The EZ economy contracted in Q1 by 0.6% as the third wave of Covid-19 weighed on economic activity, coming in slightly better than markets expected (BBG: -0.8%).
- This marks the second consecutive quarterly decline, after a sharp rebound in Q3 2020.
- Annual GDP improved to -1.8% in Q1, up from -4.9% seen in Q4 2020.
- Among the member states for which data is available, Portugal (-3.3%), Latvia (-2.6%) and Germany (-1.7%) saw the largest declines, while Lithuania (+1.8%), Belgium (+0.6%) and France (+0.4%) saw the biggest quarterly gains.
- Eurostat noted that the year on year growth rates were negative for all countries except for France (+1.5%) and Lithuania (+1.0%).
Source: Eurostat
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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