Euro slow down
An article on Bloomberg:
- April PMI data confirms euro slowdown into Q2
- Germany's services and composite data slows. See here.
- Spain and Italy's growth missed too. See data feed below for both of them
The ECB may want to blame the Easter timing for the bad Q1 data, but these figures show a slowdown heading into Q2. Not a good start at all. Reaction limited on the Euro because of NFP ahead.