Europe’s Economic Sentiment Indicator fell to 95.4 in February versus the expected 96.7. January printed at 96.1 after a slight revision from 96.2.
US QOQ Q4 GDP printed at 1.7%, above the forecast of 1.5%.
Despite the QoQ increase, Q4’s annualized US GDP slipped back to 3.2% versus the forecast of 3.3% after downside revisions to 2023’s first-quarter growth.
German Retail Sales are expected to recover slightly, forecast to print at -1.5% YoY compared to the previous period’s -1.7%.
Germany’s YoY CPI is forecast to come in at 2.6%, down from the previous 2.9%.
February’s Core annualized US PCE is expected to come in at 2.8% YoY versus the previous print of 2.9%
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