{"id":10561,"date":"2019-05-06T09:22:43","date_gmt":"2019-05-06T08:22:43","guid":{"rendered":"https:\/\/lazardfreresgestion-tribune.fr\/?p=10561"},"modified":"2019-07-22T10:54:18","modified_gmt":"2019-07-22T09:54:18","slug":"eurozone-growth-recovers-in-the-first-quarter","status":"publish","type":"post","link":"https:\/\/latribune.lazardfreresgestion.fr\/en\/eurozone-growth-recovers-in-the-first-quarter\/","title":{"rendered":"Eurozone: growth recovers in the first quarter"},"content":{"rendered":"<h1>Chart of the week<\/h1>\n<p>After slowing significantly in the second half of 2018, Eurozone first-quarter 2019 growth jumped 1.5% on an annualised basis, beating both analysts\u2019 expectations and the level suggested by PMI1 surveys (1%). Details on the various growth components underlying these preliminary Eurostat estimates will be published on June 6th.<\/p>\n<p>Broken down by country, French growth slipped slightly (1.2% versus 1.4% previously), Italy exited its technical recession (0.9% versus -0.4% previously) and Spain\u2019s growth accelerated (3.0% versus 2.2% previously). Germany\u2019s figures have not yet been published but data from other European economies are pointing to overall first-quarter growth of approximately 1.5%, after a nearly flat fourth-quarter 2018.<\/p>\n<p><a href=\"https:\/\/lazardfreresgestion-tribune.com\/wp-content\/uploads\/\/2019\/05\/06052019.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-10562\" src=\"https:\/\/lazardfreresgestion-tribune.com\/wp-content\/uploads\/\/2019\/05\/06052019.png\" alt=\"\" width=\"605\" height=\"327\" srcset=\"https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2019\/05\/06052019.png 1096w, https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2019\/05\/06052019-300x162.png 300w, https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2019\/05\/06052019-768x416.png 768w, https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2019\/05\/06052019-1024x554.png 1024w, https:\/\/latribune.lazardfreresgestion.fr\/wp-content\/uploads\/2019\/05\/06052019-600x325.png 600w\" sizes=\"auto, (max-width: 605px) 100vw, 605px\" \/><\/a><\/p>\n<h2><b>OUR<\/b> <b>ANALYSIS<\/b><\/h2>\n<p>Eurozone growth appears to be returning to normal following a disappointing second-half 2018. Some one-off factors helped: in Germany, favourable weather conditions boosted construction projects while in Italy, the statistics office indicated that domestic demand had dragged on growth, suggesting that the recent improvement may only be temporary. Despite this, the rebound in Eurozone growth is reassuring.<\/p>\n<p>&nbsp;<\/p>\n<p>(1) PMI : PMI indices are confidence indicators that summarize the results of surveys conducted among company purchasing managers. A value greater than 50 indicates a positive sentiment in the sector concerned (manufacturing or service)<\/p>\n<p>(2) GDP : main economic indicator for measuring economic production within a given country<\/p>\n<p><em>The opinion expressed above is dated May 3, 2019, and liable to change.<\/em><\/p>\n<p><span style=\"color: #333333; font-family: 'Arial',sans-serif; font-size: 8pt;\">This document is not pre-contractual or contractual in nature. It is provided for information purposes. The analyses and descriptions contained in this document shall not be interpreted as being advice or recommendations on the part of Lazard Fr\u00e8res Gestion SAS. This document does not constitute an offer or invitation to purchase or sell, nor an encouragement to invest. This document is the intellectual property of Lazard Fr\u00e8res Gestion SAS.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chart of the week After slowing significantly in the second half of 2018, Eurozone first-quarter 2019 growth jumped 1.5% on&hellip; <\/p>\n","protected":false},"author":101016,"featured_media":10558,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[148],"tags":[],"class_list":["post-10561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chart-of-the-week"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Eurozone: growth recovers in the first quarter &#8211; Tribune Lazard Fr\u00e8res Gestion<\/title>\n<meta name=\"description\" content=\"Eurozone: growth recovers in the first quarter Chart of the week Tribune Lazard Fr\u00e8res Gestion\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/latribune.lazardfreresgestion.fr\/en\/eurozone-growth-recovers-in-the-first-quarter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eurozone: growth recovers in the first quarter &#8211; 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