Flood Of European Macro Data Is Giant Waste Of Time

Inflation in Europe was "stable" this month and the bloc's economy managed a respectable growth outcome for Q1, preliminary data released on Tuesday showed. At 2.4%, the 12-month rate of headline price growth was unchanged from March, as energy prices moderated at a slower pace and food inflation picked up. The bloc-wide figures came on the heels of unwelcome inflation upticks in both Germany and Spain, where energy costs are biting again as government support measures roll off. Note that hea