Eurozone's GDP grows 0.1% in Q1 - Breaking The News

Eurozone's GDP grows 0.1% in Q1

28 April

1 min read

Gross domestic product (GDP) grew further during the first quarter in the Eurozone, the European Commission's Eurostat revealed in a preliminary report published on Friday. The data showed a modest increase of 0.1% in front of the estimation of 0.2% and a bit higher in relation to the flat result of the previous quarter.

Concerning the EU, the figure increased by 0.3% in the same quarter, month over month. On a yearly basis, seasonally adjusted GDP expanded by 1.3% in both the euro area and the EU.

Finally, among the member states, Portugal logged the best result with a growth of 1.6%, followed by Spain, Italy, and Latvia increasing all by 0.5%. The worst performer was Ireland falling by 2.7%.

data gdp

Baker Hughes: US oil rig count down by two to 484

7 hours ago

The number of oil rigs in the United States decreased by two to reach 484 in the week ending March 28, according to the Baker Hughes weekly rig count released on Friday. The rig count declined by 22 year-on-year.The country's gas rig count climbed by one to 103 in the reported week, dropping by nine from the same period in 2024. The total number of rigs in the US stood at 592, dipping by one from the previous week and slipping by 29 from the same period...

US consumer confidence falls in March

10 hours ago

Consumer confidence in the United States deteriorated by more than anticipated in March, according to a report released Friday by the Conference Board. The Consumer Confidence Index dropped to 57, reaching its lowest level since November 2022 and down from February's figure of 64.7.The Present Situation Index plunged by 1.9 index points to 63.8, and the Expectations Index slowed to 52.6 in March, losing 11.4 index points from last month."This...

US personal spending grows by 0.4% in February

11 hours ago

Personal consumption expenditures (PCE) in the United States in January increased by $87.8 billion or 0.4% on a monthly basis, the country's Bureau of Economic Analysis revealed in its report published on Friday.The PCE price index in the reported month grew 0.3% compared to January while advancing 2.5% year over year. Excluding food and energy, the index was 0.4% higher in February from the month prior and up 2.8% from a year ago.In January,...

Canadian economy grows by 0.4% in January

11 hours ago

Canada's gross domestic product (GDP) rose by 0.4% in January compared to the previous month, Statistics Canada said in a report on Friday. The growth, which came in higher than expected, was mostly attributed to goods-producing industries, which added 1.1% month-on-month, representing the largest increase since October 2021. Services-producing industries grew by 0.1% in January, while the manufacturing sector recorded a 0.8% rise. Utilities...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.