Latest data released by INSEE - 30 May 2018
- Q1 GDP +2.2% vs +2.1% y/y prelim
- April consumer spending -1.5% vs +0.2% m/m expected
- Prior +0.1%; revised to +0.2%
- April consumer spending +0.2% vs +1.8% y/y expected
- Prior +2.3%; revised to +2.5%
A lower revision to the quarter-on-quarter reading, but the year-on-year reading comes in stronger so that will be a positive on the report. Meanwhile, April consumption sees a drastic fall in what isn't a good start to Q2.
Minor data points on the day, as the market will be focused on Italy.
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