Eurozone’s economy expands at 0.6% in the first quarter

Market news

29 April 2016

Eurozone’s economy expands at 0.6% in the first quarter

Eurostat released its GDP growth figures for the Eurozone on Friday. Eurozone's preliminary flash gross domestic product (GDP) increased by 0.6% in the first quarter, after a 0.3% gain in the fourth quarter.

On a yearly basis, Eurozone's preliminary GDP rose by 1.6% in the first quarter, after a 1.6% gain in the fourth quarter.

Eurostat released no details of the component breakdown of GDP.

The U.S. economy grew 0.5% in the first quarter, after a 1.4% growth in fourth quarter.

Number of mortgages approvals in the U.K. declines to 71,357 in March

Eurozone's unemployment rate drops to 10.2% in March, the lowest reading since August 2011

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.