Eurozone Q1 GDP revised upwards

June 7, 2016

Euro zone first quarter gross domestic product has been revised upward, beating market's expectation of no change in the revision statistics. Optimism seems to emanate from a buoyant environment of consumer spending at the start of 2016, emerging from a weak Euro and still declining crude oil prices.

Quarterly economic growth in the Eurozone hit 0.6 percent in the first three months of the year, revised up from an earlier estimate of 0.5 percent, data released by the Eurostat showed. However, the statistics agency seems unclear about the GDP figures of the Euro area. The first estimate was 0.6 percent, which was revised downward to 0.5 percent in the second round, and now in the third report, which includes details on GDP components, the figure has been revised to its original estimate.

Meanwhile, annual growth remained unchanged at 1.7 percent, from the fourth quarter, driven by a jump in consumer spending and investment. Imports also outpaced the rate of export growth, rising by 0.7 per cent, while the value of goods sold was 0.4 percent.

Greece remained the single Euro area which fell into outright contraction at the beginning of the year, shrinking by 0.5 percent.

Publication source
Vinson Financials Ltd information  Vinson Financials Ltd reviews

January 24, 2017
Gold turned bearish
Traders have not changed their opinion preserving upbeat tone on Monday. The demand for the metal grew amid uncertainty around Trump's proposed fiscal policy measures. A weak sentiment surrounding equity markets lent some support to the precious metal as well...
January 24, 2017
Caution reigns over the markets
The week kicks off with a sharp depreciation of the US Dollar, as hedge fund managers withdrew from the Dollar causing net speculator positions drop to three-week lows at 310,475...
January 24, 2017
The strong start of the new US presidency makes USD softer
So this is how Donald Trump first day in office looks like. He has easily made it to the headlines, In his first executive orders he confirmed that NAFTA will be renegotiated and that the US no longer applies for the TPP...

Trade360 Rating
OANDA Rating
EXNESS Rating
OctaFX Rating
Larson&Holz IT Ltd Rating
FOREX.com Rating

TopOption Rating
OptionFair Rating
Binary.com Rating
Anyoption Rating
Dragon Options Rating
Migesco Rating