While there's little progress over inflation, it actually reversed in March - headline CPI inflation down to 1.5% from 2.0% in February; core inflation down to 0.7% from 0.9% -- latest data indicate that growth in the Eurozone continues to gain momentum.
Eurostat reported that construction activity in the region increased at its fastest rate in nearly three years (April 2014), indicating greater willingness to invest. Construction output rose by 7.1% in the year to February, more than reversing the previous month's 5.1% drop led by a 10.3% jump in civil engineering and a 6.2% increase in building construction.
While this stat is dated, more recent consumer confidence readings portend continued growth underpinnings. The DG-ECFIN's preliminary estimate of consumer confidence rose to a reading of -3.6 in April - the highest level since March 2015 - up from -5 in the previous month and better than market expectations for an improvement to -4.8.