Eurozone | Growth momentum stabilizes in 2Q at high levels

GDP growth was revised up to 0.6% QoQ (+0.1pp) in Q1, while improving industrial production along with very strong confidence suggest that the growth momentum will remain steady in Q2 (MICA-BBVA: 0.6%). Recently, foreign trade and retail sales have moderated slightly. Headline and core inflation declined in May, reversing the Easter calendar effect and remain subdued.

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