- Prior +0.3%
- GDP +5.0% vs +5.0% y/y expected
- Prior +4.6%
Euro area growth in Q1 was slightly slower than expected as the Russia-Ukraine conflict weighed on activity since late February. Italy is the biggest casualty of the recent developments, with its economy contracting by 0.2% in the first three months of the year while Germany's growth helped to offset that somewhat with France's economy stagnating.
