Fresh economic data suggest the eurozone may be moving out of its recent slowdown, with several indicators pointing to a more stable outlook. While the recovery remains uneven across the bloc, analysts say the latest numbers are less worrying than earlier in the year.

Attention is now turning to the European Central Bank, which is expected to keep interest rates unchanged at its upcoming policy meeting. Policymakers are likely to weigh still-moderate growth, easing inflation pressures, and the need to avoid disrupting a fragile recovery.

Economists say the central bank’s next move will depend on whether recent improvements in activity hold up through the summer. For now, markets appear to be betting on patience rather than another shift in borrowing costs.

The ECB’s decision will be closely watched for clues about how long rates may stay at current levels, especially as businesses and households continue to face a cautious economic environment.