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Financial News: Eurozone GDP Growth Steady At 0.5%

Eurozone GDP Growth Steady At 0.5%

05/03/2017 - 05:12:00 (RTTNews)

(RTTNews) - Eurozone economic growth rate remained stable in the first quarter, preliminary flash estimate from Eurostat showed Wednesday.

Gross domestic product expanded 0.5 percent sequentially, the same pace of growth as seen in the fourth quarter, and in line with expectations.

On a yearly basis, GDP growth slowed marginally to 1.7 percent from 1.8 percent in the preceding quarter. The annual rate also matched expectations.

The EU28 grew 0.4 percent from the prior quarter, when it advanced 0.6 percent. The annual growth rate remained stable at 1.9 percent.

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