External broker reports(aggregated public sources), ABN AMRO

ABN AMRO

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External broker reports(aggregated public sources)

Macroeconomics

<ul><li>Eurozone GDP growth came in at 0.3% qoq in 2024Q1, stronger than our and consensus expectations for a more modest 0.1% rise.</li><li>Today’s upward surprise comes after a 5 quarter period in which the bloc’s economy stagnated.</li><li>We only have details for some individual countries, but based on this and monthly aggregate data the strength was probably driven by net exports, services consumption (partly due to the earlier timing of easter), and stronger construction activity due to the mild winter. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Eurozone GDP growth came in at 0.3% qoq in 2024Q1, stronger than our and consensus expectations for a more modest 0.1% rise.Today’s upward surprise comes after a 5 quarter period in which the bloc’s economy stagnated.We only have details for some individual countries, but based on this and monthly aggregate data the strength was probably driven by net exports, services consumption (partly due to the earlier timing of easter), and stronger construction activity due to the mild winter. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Eurozone Emerges from Technical Recession; Disinflation on Track