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FNDA - Devil In The Detail: Beware The Eurozone's Positive Q1 Growth Surprise
Schwab Fundamental U.S. Small Company Index
An unusually large upward revision unexpectedly doubled the Eurozone's Q1 real GDP growth rate to 0.6% q/q but economic prospects remain challenging nonetheless.
Eurostat's third estimate of eurozone real GDP in Q1 delivered an unusually large upward revision to the q/q rate of growth, from 0.3% to 0.6%.
The key takeaway from Q1's expenditure breakdown for the eurozone was the key role of inventories and net trade-in boosting the q/q growth rate.