Eurozone: expect a decline in economic sentiment
In the Eurozone, expect economic sentiment to have worsened as most surveys have seen declines for March already. Even though growth momentum may be weakening, price pressures continue to improve steadily. Spanish inflation should give a first indication of the March figures on Tuesday, although not much improvement is expected for the coming months.
Germany: a possible inflation acceleration
German inflation could see a slight acceleration in March. However, at around 1.5% the absolute level remains far too low for an economy which is in a very mature stage of the current cycle, therefore providing further arguments for the ECB doves.