Eurozone Q1 GDP second estimate +0.4% vs +0.4% q/q prelim
Latest data released by Eurostat - 15 May 2019
- GDP +1.2% vs +1.2% y/y prelim
Preliminary figures can be found here. The figures here are in-line with initial estimates, so it isn't really telling us anything new with regards to the Eurozone Q1 economic performance. Similar to Germany, expect things to get tougher as the outlook remains blurry with US auto tariffs due and US-China trade tensions still prevailing.
EUR/USD currently holds at 1.1214, bound by a tight range on the day still. EUR/GBP sits at 0.8684, little changed on the session.