First batch of data in European session saw German GDP rose 0.3% qoq, 2.3% yoy in Q1, below expectation of 0.4% qoq, 2.4% yoy. That’s also notably slower than Q4’s 0.6% qoq, 2.9% yoy. But nonetheless, the figures are decent.
Swiss PPI rose 0.4% mom, 2.7% yoy, in April, up from March’s -0.2% mom, 2.0% yoy.
UK employment data are upcoming. In particular, unemployment rate is expected to be unchanged at 4.2% in March. Average weekly earnings are expected to grow 2.6% 3m/y.
Eurozone will also release industrial production, GDP. More focus will be on German ZEW economic sentiment.
