Euro area economy up 0.4% in the first quarter

The final assessment of the growth of the euro area economy is kept at the level of preliminary data. As Eurostat management reported, in the first quarter of 2019, euro area GDP grew by 0.4%, noting the maximum acceleration of growth over the last 3 quarters. In the fourth quarter, economic growth was at 0.2%. Compared with the first quarter of last year, the euro area economy increased by 1.2%, maintaining the growth rate of the fourth quarter of 2018. Both indicators corresponded to economists' estimates. The final statistics on the GDP of the European Union in the first quarter showed an acceleration in the growth rate of the EU economy to 0.5% from 0.3% a quarter earlier. In annual terms, GDP grew by 1.5%, just as in the fourth quarter of last year. Germany's GDP grew by 0.4% for the quarter. The French economy recorded an increase in quarterly terms by 0.3%, Italian GDP grew by 0.2%.

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