Eurozone GDP advanced more than expected in 1Q 2017

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Euro Area GDP Growth Rate  | Data | Chart | Calendar | Forecast

BUZ INVESTORS Eurozone GDP advanced   The Eurozone economy expanded 0.6 percent on quarter in the first three months of 2017, better than a second estimate of 0.5 percent and following a 0.5 percent advance in the previous period. It was the strongest growth rate since the first quarter of 2015, mainly boosted by fixed investment and household consumption. Growth picked up in Germany, Spain, Italy and Finland but slowed in France. Year-on-year, the GDP advanced 1.9 percent, also higher than early estimates of 1.7 percent expansion. GDP Growth Rate in the Euro Area averaged 0.37 percent from 1995 until 2017, reaching an all time high of 1.30 percent in the second quarter of 1997 and a record low of -3 percent in the first quarter of 2009.



Eurozone GDP advanced

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Eurozone Q1 GDP Growth Revised Up To 0.6%

The Eurozone economy expanded 0.6 percent on quarter in the first three months of 2017, better than a second estimate of 0.5 percent and following a 0.5 percent advance in the previous period. It was the strongest growth rate since the first quarter of 2015, mainly boosted by fixed investment and household consumption. Growth picked up in Germany, Spain, Italy and Finland but slowed in France.

From the expenditure side, the positive contribution to GDP came mainly from gross fixed capital formation (0.3 percentage points), household final consumption expenditure (0.2 percentage points) and government spending (0.1 percentage points). Meawnhile, the contribution of both external demand and changes in inventories was neutral.
Gross fixed capital formation jumped by 1.3 percent (3.4 percent in Q4 2016), household consumption increased by 0.3 percent (0.4 percent in Q4) and government spending advanced by 0.4 percent (0.3 percent in Q4). Meanwhile, exports rose 1.2 percent (1.7 percent in Q4) and imports went up at a faster 1.3 percent (3.8 percent in Q4).
From the production side, industry grew by 0.2 percent (0.7 percent in Q4), boosted by manufacturing (0.6 percent from 0.5 percent in Q4). Construction advanced by 1.1 percent (0.2 percent in Q4) and agriculture jumped 2.1 percent (0.1 percent in Q4). Among services, output rose for: trade, transport, accommodation and food service activities (0.6 percent from 0.7 percent in Q4); information and communication (0.7 percent from 0.3 percent in Q4); financial and insurance activities (0.9 percent from -0.3 percent in Q4); real estate activities (0.5 percent from 0.4 percent); professional and support service activities (1.2 percent from 0.6 percent in Q4); and administration and other public services (0.2 percent from 0.4 percent in Q4).

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Jadtecnic

Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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