Eurozone CPI accelerated to 2.1%, Core CPI up to 1.1%. But GDP growth slowed to 0.3%

Euro stays firm after some mixed economic data.

Eurozone all-item CPI accelerated to 2.1% in July, up from 2.1% yoy and beat expectation of 2.0% yoy. Core CPI also accelerated to 1.1%, up from 0.9% yoy and beat expectation of 1.0% yoy.

Unemployment rate, dropped to 8.3%, down from 8.4% and met expectation.

On the other hand, GDP growth closed to 0.3% qoq in Q2, down from 0.4% qoq and missed expectation of 0.4% qoq. Annual growth slowed to 2.1% yoy, down from 2.5% yoy and missed expectation of 2.2% yoy.

Also from Eurozone Germany retail sales rose 1.2% mom in June, above expectation of 1.0% mom. Unemployment dropped -6k in July, below expectation of -10k.