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7th May 2024 17:50EurozoneDaily Monitor

  • EZ industry was a drag on GDP growth in Q1, despite German industry coming out of recession.
  • February data confirm services led the rebound in EZ GDP in Q1 and will stay in the driving seat for now.
  • The boost from construction appears to be reversing already, and the fall in the PMI in April bodes ill.

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Keywords for: 9 May 2024 Eurozone Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence