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Eurozone economy slightly recovering according to latest indicators

There were no data releases from Eurozone today, and hype around French elections is slowly starting to fade, with traders more interested in broady economic indicators ahead of tomorrow's ECB interest rate decision and the following press conference. Eurozone strength is broad-based with virtually all of the surveys in agreement in terms of direction and magnitude.

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Eurozone CPI down to 1.5%

Euro area annual inflation is expected to be 1.5% in March 2017, down from 2.0% in February 2017, according to a flash estimate from Eurostat, the statistical office of the European Union.

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Eurozone CPI jumped to 1.8%

Euro area annual inflation is expected to be 1.8% in January 2017, up from 1.1% in December 2016, according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in January (8.1%, compared with 2.6% in December), followed by food, alcohol & tobacco (1.7%, compared with 1.2% in December), services (1.2%, compared with 1.3% in December) and non-energy industrial goods (0.5%, compared with 0.3% in December).

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Eurozone Consumer Confidence unchanged in January

In January 2017, the DG ECFIN flash estimate of the consumer confidence indicator was broadly unchanged in both the euro area (+0.2 points to -4.9) and the EU (+0.3 points to -4.3) compared to December 2016.

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