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- Eurozone: Focus on GDP, employment and inflation data today - TDS
Eurozone: Focus on GDP, employment and inflation data today - TDS
According to analysts at TD Securities, it's a bumper day for euro area data, with the release of April flash inflation data for France, Spain, Italy, and Germany, the unemployment rates for Germany (April) and the euro area (March), and 19Q1 GDP growth for France, Spain, Italy, and the euro area.
“Market focus is likely to be on the German inflation data and euro area GDP print. We look for rises in annual headline HICP inflation rates from March to April across all four countries on the back of stronger travel-related prices (owing to the later Easter holiday vs 2018) and higher energy prices. In Germany, we expect headline HICP inflation to rise to 1.6% y/y (mkt: 1.7%, though more forecasters expect 1.6% than 1.7%). For euro area GDP, we are in line with the market looking for a pickup in the pace of growth in 19Q1 to 0.3% q/q--still below potential but an improvement over growth rates in the second half of 2018.”
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