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Saturday 10 June 2017

More accelerated eurozone growth than expected

The economy of the eurozone registered a faster growth than forecast in the past quarter, show data released on Thursday.
Quarterly growth rose to 0.6% in the first quarter, down from previous 0.5% growth forecast. On an annual basis, the eurozone gained 1.9%.
Household spending rose by 0.3% in the first three months of the year, on a quarterly basis, contributing to 0.2 percentage points of the economy's rise.
Investments have risen by 1.3% or contributed to another 0.3 percentage point of growth.
The data becomes reality before the ECB meeting and Mario Draghi's statement on the future policy of the central bank on interest rates.
Still, the bank left the policy unchanged.

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