9 May 2016
Eurozone: Another look at Q1 GDP this week - BBH
Research Team at BBH, suggests that the Eurozone will take another look at Q1 GDP this week.
Key Quotes
“While more details will be provided, there is some risk of a downward revision to 0.5% from 0.6%. It makes March industrial output reports less relevant, though we note that French and Italian production are expected to bounce back a fall in February.
Germany is marching to a different tune. March output likely fell by around 0.2% after a 0.5% decline in February. Both months are payback for the outsized 2.3% jump in January. A rise in factory orders may take the sting out of a small fall in output.”
Key Quotes
“While more details will be provided, there is some risk of a downward revision to 0.5% from 0.6%. It makes March industrial output reports less relevant, though we note that French and Italian production are expected to bounce back a fall in February.
Germany is marching to a different tune. March output likely fell by around 0.2% after a 0.5% decline in February. Both months are payback for the outsized 2.3% jump in January. A rise in factory orders may take the sting out of a small fall in output.”