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25th May 2022 00:10Eurozone, Daily Monitor

We continue to expect a pick-up in services activity to drive GDP growth higher this quarter, to 0.5% q/q.

Eurostat’s “new” services index shows activity was already rebounding in February.

This will offset continued weakness in the manufacturing sector, which is set to remain in the doldrums.

composite pmi employment employment growth energy energy inflation euro euro area gdp growth germany headline inflation hiring intentions household spending industrial production italy June manufacturing manufacturing activity pmi pmis q1 q2 q4 real estate services activity services index services pmi spain trade unemployment unemployment rate

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