Euro zone GDP a non event today

The second publication of the GDP data for Q1 is due in the euro zone today. However, the second publication in the euro zone cannot be compared with that in the US. 

While GDP data on the other side of the Atlantic is often revised very notably that is quite rare with Eurostat, the European Union's office for statistics.

The last time the second publication deviated from the first one was in Q1 2008 (at that time it was revised by one tenth of a percent to the upside).

It is therefore hardly surprising if the analysts polled once again expect the data from the first publication to be confirmed. So for the market this should be a non-event, says Commerzbank.