Eurozone Q1 GDP growth confirmed at 0.2%
2014-06-04 15:43:56
The euro area economy grew as initially estimated in the first quarter, second estimate from Eurostat showed Wednesday.
Gross domestic product in the 18-nation currency bloc grew 0.2 percent sequentially, slower than the revised 0.3 percent expansion posted in the fourth quarter of 2013.
On a yearly basis, growth accelerated to 0.9 percent from 0.5 percent. Eurostat confirmed the preliminary estimates for the first quarter released on May 15.
On the expenditure side, household spending gained only 0.1 percent, while government expenditure grew 0.3 percent.
Investment advanced 0.3 percent versus a 0.9 percent rise in the previous quarter. The increase in exports eased sharply to 0.3 percent from 1.4 percent. On the other hand, imports growth rose marginally to 0.8 percent from 0.7 percent.