Economic data released over the last few weeks depicted a positive picture for the Eurozone economy. The most positive indication came from Q4 GDP: it rose by 0.5% q/q and 1.8% q/q. In 2016, the Euro one economy rise by 1.7%, higher than the 1.6% posted by the US economy. It was the first time since 2008 that Euro zone economy overperformed the US one.
The first data for 2017 confirmed the positive momentum for the Euro zone economy.