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Euro area GDP clocks in at 0.5% for Q1, as expected

Staff Writer | May 17, 2017
Economic growth in the Eurozone accelerated slightly at the start of the year, spearheaded by growth in Portugal, Spain and Germany.
Euro area GDP
Europe   French GDP slowed
Gross domestic product across the entire single currency bloc was ahead by 1.0% quarter-on-quarter during the first three months of 2017, according to a preliminary estimate from Eurostat, and up by 1.7% on a year ago.

That was as expected by economists.

In comparison to the previous quarter, Portuguese GDP expanded at a 1.0% clip, with growth in Spain clocking in at 0.8% and in Germany at 0.6%.

German GDP had increased by 0.4% on the quarter over the prior three months.

French GDP on the other hand slowed from a quarterly pace of 0.5% for the three months to December 2016 to 0.3% for the three-month stretch extending to March 2017.

In Italy growth was steady at 0.2% quarter-on-quarter.