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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
(MNI) LONDON
EZ Q2 PRELIM. FLASH GDP +2.0% Q/Q SA, +13.7% Y/Y WDA
EZ Q1 GDP -0.3% Q/Q SA; -1.3% Y/Y WDA
- The EZ economy expanded in Q2 by +2.0% as the reopening of the economy provided a boost to economic activity.
- GDP came in better than markets expected (BBG: +1.5%).
- Annual GDP surged to +13.7% in Q2, up from -1.3% seen in Q1 2021, reflecting the sharp decline at the beginning of the pandemic.
- Among the member states for which data is available, Portugal (+4.9%), Austria (+4.3%) and Latvia (+3.7%) saw the largest gains, while Lithuania (+0.4%), France (+0.9%) and Belgium (+1.4%) saw the smallest quarterly gains.
- None of the member states posted a decline of quarterly GDP in Q2.
- Eurostat noted that the year on year growth rates were positive for all countries as well.
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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