Eurozone Q1 GDP rises more than estimatedStaff Writer | June 9, 2017
The euro area economy expanded more than initially estimated in the first quarter, data from Eurostat showed.
Europe Exports climbed 1.2%
On a yearly basis, GDP growth was raised to 1.9% from 1.7%.
The expenditure-side breakdown of GDP showed that household spending climbed 0.3% from prior three months, slower than the 0.4% increase seen a quarter ago. Meanwhile, the increase in government spending rose to 0.4% from 0.3%.
Gross fixed capital formation rose at a weaker pace of 1.3% following a 3.4% rise in the fourth quarter.
Exports climbed 1.2% versus 1.7% increase in the fourth quarter. At the same time, imports grew 1.3% compared to 3.8% rise in the previous quarter. ■