Improved fourth quarter GDP data in Eurostat’s second estimate

In the 19 euro area Member States, gross domestic product (GDP) fell by 0.6 percent quarter-on-quarter and by 5.0 percent year-on-year in October-December last year.

Eurostat improved both values by 0.1 percentage point. Analysts expected the same data as the first estimate. They expected a 0.7 percent decline on a quarterly basis and a 5.1 percent decline on an annual basis. (MTI)