Eurozone GDP growth slowed to 0.4% qoq in Q1, met expectation, Euro steady

Eurozone (EA19) GDP growth slowed to 0.4% qoq in Q1, down from 0.7% qoq and met market expectations. Annually, GDP grew 2.5%, down from 2.8% in Q4.

EU28 GDP growth also slowed to 0.4% qoq in Q1, down from 0.6% yoy in Q4. Annual rate slowed to 2.4% yoy versus prior 2.7% yoy.

Full release here

Euro is steadily in range against Dollar and Yen after the release. It tried to recover earlier today but overall, there is no follow through buying.