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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 email@example.com, or contact your account rep
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EZ GDP data beat expectations in Q2, which will drive upward revisions to 2021 forecasts.
We now expect full-year GDP growth in the Euro- zone of 5.0% in 2021, up from 4.5% previously.
Ignore the July dip in euro area core inflation; it will leap to 1.5% in August.
Friday's detailed inflation data in the EZ conformed
to expectations. Headline inflation dipped by 0.1pp, to 1.9%, matching the initial estimate, while core inflation fell to 0.9%, from 1.0% in May, also in line with the first estimate.
Weakness in the core remained a drag on euro area manufacturing midway through Q2, amid strength elsewhere.
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.
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.
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