Latest data released by Eurostat - 7 June 2018
- GDP +2.5% vs +2.5% y/y prelim
- Gross fixed capital formation +0.5% vs +0.7% q/q expected
- Prior +1.2%; revised to +1.3%
- Government expenditure 0.0% vs +0.2% q/q expected
- Prior +0.3%
- Household consumption +0.5% vs +0.2% q/q expected
- Prior +0.2%
The key prints are similar to the second reading, so that isn't going to do much to the euro. Looking at the details, consumption looks to be relatively positive and that should at least give European officials something to shout about - along with investments - but slower trade remains the real issue.
