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22nd May 2023 07:05Eurozone, Daily Monitor

  •  Strong Swiss industrial output & construction data mean we are raising our call for Q1 GDP to 0.4% q/q.
  • The likely-small economic impact from the UBS/CS merger won’t be reflected in the data until Q2/Q3.
  • EZ construction enjoyed a decent Q1, despite the fall in output in March; Q2 will be much less good.

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Keywords for: 23 May 2023 Eurozone Monitor

construction, industrial output, May, q1, q1 gdp, q2, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence