Q1 2017 Eurozone GDP flash 0.5% vs 0.5% exp q/q

Q1 2017 Eurozone GDP flash data report 3 May 2017

• Prior 0.4%. Revised to 0.5%

• 1.7% vs 1.7% exp y/y. Prior 1.7%. Revised to 1.8%

• EU28 states 0.4% vs 0.6% prior q/q

• 1.9% unch y/y

Bang on the money expectation wise but actually worse y/y when you factor in the higher revision.

This flash report is seriously lacking in detail. Only 6/11 countries have published data for this report.

EURUSD doing nothing at 1.0910.

Eurozone GDP y/y