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WRAPUP 1-Weak euro zone data point to cracks in recovery as inflation lingers

Surging energy prices and borrowing costs have weighed on business morale, investment spending and consumer confidence in the bloc for months - and, notwithstanding a dip in January, inflation remains stubbornly high while more interest rate hikes are on the horizon. Some economic readings have been better than feared, particularly through the winter, but Monday's retail trade data, a key sentiment indicator, and construction figures tempered any nascent optimism.
Bert Colijn Manfred Huebner European Central Bank Sentix Managing Director Manfred Huebner Philip Lane The European Central Bank

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