A Closer Look At Europe's (Still Slowing) Economic "Growth"

Takeaway: European economic growth data disappoints (again).

A Closer Look At Europe's (Still Slowing) Economic "Growth" - Draghi cartoon 03.09.2016

Got GDP Slowing? Yes! Inline with our #EuropeSlowing theme, Q2 preliminary GDP slowed across the Eurozone, to 0.3% vs 0.6% in the prior quarter. Specific country results: Germany (0.4% vs 0.7% in the prior quarter); France (0.0% vs 0.7%); and Italy (0.0% vs 0.3%). Our bearish bias on the Eurozone remains intact.

Below is the country-by-country breakdown.

Click image to enlarge

A Closer Look At Europe's (Still Slowing) Economic "Growth" - eurostat

Editor's Note: The snippet above is from a note written by the Hedgeye Macro team and sent to subscribers this morning. Click here to learn more.