Eurozone Q1 GDP expands at the fastest rate in a year - RTRS

Dhwani Mehta FXStreet

Reuters out with more details on the Eurozone revised Q1 GDP data, which showed that the 19-nation bloc grew by 0.6% q/q and by 1.9% on annualized basis. Both measures bettered estimates of 0.5% and 1.7% respectively.

Key Highlights:

EU statistics agency Eurostat said on Thursday, the Eurozone economy grew by more than previously estimated in the first quarter and at its fastest rate in a year.

Eurostat said household consumption contributed 0.2 percentage points and gross fixed capital formation 0.3 points and government consumption 0.1 points to the first-quarter growth figure. The contributions of external trade and inventories was neutral.

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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