Eurozone Q1 GDP expands at the fastest rate in a year - RTRS

Reuters out with more details on the Eurozone revised Q1 GDP data, which showed that the 19-nation bloc grew by 0.6% q/q and by 1.9% on annualized basis. Both measures bettered estimates of 0.5% and 1.7% respectively.

Key Highlights:

EU statistics agency Eurostat said on Thursday, the Eurozone economy grew by more than previously estimated in the first quarter and at its fastest rate in a year.

Eurostat said household consumption contributed 0.2 percentage points and gross fixed capital formation 0.3 points and government consumption 0.1 points to the first-quarter growth figure. The contributions of external trade and inventories was neutral.