Eurozone flash Q1 GDP steadies at 0.4% q/q, meets estimates

Dhwani Mehta FXStreet

According to the second revision of the Eurozone GDP published by Eurostat, the statistical office of the European Union, the Eurozone economy expanded 0.4% in the first quarter of 2019, confirming the preliminary flash readout.

On an annualized basis also, the region’s economic growth matched the original estimates and arrived at 1.2%. Both the figures met the consensus forecasts.

The EUR/USD pair held onto the daily tops near 1.1220 levels following the in line with estimates Eurozone growth numbers for Q1 2019.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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