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Eurozone | Growth expected to stabilize in 3Q on strong confidence

Published on Tuesday, September 19, 2017 | Updated on Thursday, September 21, 2017

Eurozone | Growth expected to stabilize in 3Q on strong confidence

Our MICA-BBVA model suggests a quarterly GDP growth figure of 0.6% in 3Q, but we cannot rule out a slight moderation given weaker hard data. Both industrial output and retails sales softened in July, while exports have also moderate during 3Q. In contrast, overall confidence data remain optimistic. Annual inflation accelerated in August to 1.5% with stable core measures.

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