Euro growth surprise in second quarter 2015

11 September 2015

Brought to you by Investec Switzerland.

Euro-area economy grew more than estimated in second quarter
The euro-area economy grew more than initially reported in the second quarter, driven by a surge in exports and consumer spending. Gross domestic product rose 0.4 percent in the three months through June after expanding a revised 0.5 percent in the first quarter, the European Union’s statistics office in Luxembourg said Tuesday. Household consumption increased 0.4 percent. Eurostat had reported second-quarter growth of 0.3 percent on Aug. 14.

By Catherine Bosley and Allessandro Speciale (Bloomberg). Read more.

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