ZCZC
BCN-15
EUROZONE-GDP-GROWTH
Eurozone Q2 GDP growth confirmed at 0.4 pct
BRUSSELS, Sept. 8, 2018 (BSS/Xinhua) – The eurozone economy growth was
confirmed at 0.4 percent in the second quarter, compared with the previous
quarter, data from the European Union (EU) statistics agency Eurostat showed
on Friday.
Household final consumption expenditure had a positive contribution to
Gross Domestic Product(GDP) growth in the euro area, while the contribution
of the external balance to GDP growth was negative.
“The third estimate of eurozone Q2 GDP confirmed that net trade was a drag
on growth for the second consecutive quarter,” said Jack Allen, senior
European economist with Capital Economics.
“But with domestic demand strong and the timelier survey evidence
encouraging, we remain fairly optimistic about the economic outlook,” Allen
added.
BSS/XINHUA/HR/1125