The euro area achieved higher-than-expected GDP growth in the first quarter

Gross domestic product growth in the euro area increased more than expected in the first quarter based on the first estimate of the European Union Statistical Office, Eurostat.

In the first quarter, gross domestic product (GDP) grew by 0.4 percent in the euro area’s 19 Member States and by 0.5 percent in the EU-28 compared to the previous quarter. In the fourth quarter of 2018, quarterly GDP growth was 0.2 percent in the euro area and 0.3 percent in the EU. (MTI)