E.U. GDP growth slowed slightly to 0.3% during Q1 2014. Germany, Spain and Poland accelerating, France flat, sharp falls in the Netherlands.
Business and consumer confidence slipped slightly further in July but remained comfortably above long term average levels.
E.U. unemployment rate fell to 10.2% in June. Wide range from Austria (5.0%) and Germany (5.1 %) to Spain (24.5%) and Greece (27.3%).
Risk of deflation remains. ECB loosened monetary policy in June to support price growth. Eurozone inflation fell aain to an estimate 0.4% in July.
Source : Deutsche Asset & Wealth Management