Euro Area Data Update

The report highlights a rebound in German construction and resilient Euro area car registrations, though French consumer confidence remains weak.

Key Takeaways

• 1.German construction activity rebounded in March, supported by civil engineering and fiscal policy, following weather-related weakness in early 2024.
• 2.French consumer confidence continues to soften, currently trending 1.6 standard deviations below its long-run average.
• 3.Euro area car registrations are showing resilience, moving sideways in April despite the impact of high energy prices and interest rates.

Table of Contents

• BOTTOM LINE
• MAIN POINTS
• European Economics Team
• Disclosure Appendix
• Reg AC
• Disclosures
• Global product; distributing entities
• General disclosures

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