Eurozone: Focus on Q4 GDP and German inflation data – TDS

Analysts at TDS suggest that its going to be a busy day for Eurozone data with first Q4 GDP prints for France, Spain, and the EZ as well as German inflation for January.

Key Quotes

“For the inflation data, we’re looking for HICP to slip from 1.6% y/y in Dec to 1.5% y/y in Feb (mkt 1.6%), with a softer core inflation m/m print after the unexpected pop higher in Dec, but energy prices supported by the push higher in crude oil.”

“For Eurozone GDP we’re looking for another quarter of 0.7% q/q growth, the third in a row, as EZ growth continues to growth at a well above potential rate (mkt: 0.6% q/q). The ECB’s Mersch also gives a speech at 16:30 London time.”