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Below is a list of our Eurozone Publications for the last 6 months. If you are looking for reports older than 6 months please email firstname.lastname@example.org, or contact your account rep
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Friday's data in the core EZ economies confirmed our suspicion that the reality in manufacturing at the start of the year was not as rosy as implied by the headline surveys and new orders data.
Judging by Friday's advance PMIs for April, new virus restrictions had minimal impact on EZ economic activity at the start of the second quarter. The composite PMI
in the euro area increased slightly, to 53.7 from 53.2 in March, lifted by a further gain in the manufacturing index, 63.3 from 62.5 last month, and a continued rebound in the services PMI, to 50.3 from 49.6 in March.
The ECB conformed to expectations yesterday.
In one line: Hit by weakness in net trade in goods; net primary income remains depressed.
In one line: Hit by weakness across the board; March almost surely was a lot better
Friday's final EZ inflation report for March confirmed the advance numbers. Headline inflation rose by 0.4pp, to 1.3%, boosted primarily by a leap in energy inflation, to 4.3% from -1.7% in February.
The headline economic data were depressingly
poor in our absence. We are now confident that goods spending in Germany collapsed in Q1.
In one line: German retail sales crashed and burned in Q1
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