Eurozone's GDP grows 0.3% in Q1 - Breaking The News

Eurozone's GDP grows 0.3% in Q1

30 April

1 min read

UNSPLASH / NORBERT HENTGES

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 Tuesday. The data showed a modest increase of 0.2% compared to the estimation of 0.1% and a bit higher in relation to the marginal increase of the previous quarter. In its yearly comparison, GDP for the euro area climbed 0.4%.

Concerning the European Union, the figure also advanced by 0.3% in the same quarter, month over month. On a yearly basis, seasonally adjusted EU GDP rose by 0.5%.

Among the member states, Ireland recorded the best result with a growth of 1.1% compared to the previous quarter, followed by Latvia, Lithuania, and Hungary increasing all by 0.8%. The worst performer was Sweden falling by 0.1%.

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