Despite US trade volatility, the eurozone economy showed resilience with a 0.1% growth in the second quarter. The first quarter saw a strong 0.6% growth, boosted by US frontloading of eurozone goods. While some countries like Ireland, Germany, and Italy experienced contractions, Spain, France, and Portugal posted strong growth figures. The service sector also faced challenges, with a -0.3% production decrease in April. However, improvements in sentiment and signs of life from businesses indicate a more positive outlook for the eurozone economy. Expect continued influence from trade swings, but overall, some optimism for the future.
Read more at Investing.com: Small Growth for Eurozone Economy Already Better Than Expected