Eurozone Q1 GDP grew by 0.5% q/q - BBH

Research Team at BBH, notes that the Eurozone reported Q1 GDP and it grew 0.5% q/q vs. 0.6% median expectations.

Key Quotes

“In y/y terms, GDP rose 1.5% vs. 1.6% expected. Looking at the individual countries, German Q1 GDP grew 0.7% q/q vs. 0.6% median expectations and 0.3% in Q4. In y/y terms, German GDP grew 1.3% vs. 1.2% expected and 2.1% in Q4. Elsewhere, Italy grew 0.3% q/q, right at the median expectations. In y/y terms, Italian GDP rose 1.0% vs. 0.9% expected.”