Weak momentum in Euro Area growth
According to the August Euro Growth Indicator, real GDP would increase by 0.3 and 0.4 per cent on a quarter-on-quarter basis in the second and third quarters of 2014, respectively. The predicted growth is quite fragile as the contribution of industrial surveys is weakening rather strongly, which to a large part is probably due to the rising uncertainty related to the widening conflict in Ukraine.
More information on this topic on our Euro Growth Indicator section.