Greek final GDP declines 0.2% in the first quarter

Market news

29 May 2015

Greek final GDP declines 0.2% in the first quarter

The Hellenic Statistical Authority released its final gross domestic product (GDP) data for Greece on Friday. The Greek final GDP declined 0.2% in the first quarter, after a 0.4% drop in the fourth quarter. It was the second consecutive quarterly decline.

On a yearly basis, Greek final GDP rose 0.4% in the first quarter, after a 1.3% increase in the fourth quarter.

Consumer spending was up at an annual rate of 0.9%, investment jumped 23.1%.

Exports decreased at an annual rate of 0.9%, while imports climbed 10.6%.

U.S.: Reuters/Michigan Consumer Sentiment Index, May 90.7 (forecast 89.9)

U.S.: Chicago Purchasing Managers' Index , May 46.2 (forecast 53.0)

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