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13th Aug 2024 17:46EurozoneDaily Monitor

  • The 0.3% increase in Eurozone GDP in Q2 was confirmed, despite industry remaining in recession. 
  • The service sector again drove growth; we do not trust the reported fall in service production in May. 
  • Productivity is not sliding as fast as in recent quarters; the ECB will welcome this development.

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Keywords for: 15 August 2024 Eurozone Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence