Growth in the euro area is maintaining a steady but moderate rate of growth in the first half of 2016, according to the April estimate of the EUROGROWTH Indicator calculated by the EUROFRAME. The indicator forecasts 0.3 per cent growth in both the first and second quarter of this year, equal to the quarterly rates published by EUROSTAT for the third and fourth quarter 2015. The indicator estimates have been virtually unchanged from the March estimate. Reflecting the continued moderate growth momentum growth on a y-o-y basis should slow from 1.6 per cent at the end of last year to 1.2 per cent in 2016Q2.