6 Mar 2015
Eurozone GDP up by 0.9% in fourth quarter of 2014
FXStreet (Mumbai) - The second estimate of the seasonally adjusted Q4 Eurozone GDP released by the Eurostat today showed the economy expanded in line with the expectation of 0.9% year-on-year. The previous estimate saw GDP at 0.8%.
Over the whole year 2014, the Eurozone GDP rose by 0.9%, compared to -0.3% in 2013. During the fourth quarter of 2014, household final consumption expenditure and Gross fixed capital formation rose by 0.4% each. Exports rose by 0.8%, while imports rise by 0.4%. Meanwhile, quarter-on-quarter growth rate was revised higher to 0.3%, from the previous estimate of 0.2%.
Over the whole year 2014, the Eurozone GDP rose by 0.9%, compared to -0.3% in 2013. During the fourth quarter of 2014, household final consumption expenditure and Gross fixed capital formation rose by 0.4% each. Exports rose by 0.8%, while imports rise by 0.4%. Meanwhile, quarter-on-quarter growth rate was revised higher to 0.3%, from the previous estimate of 0.2%.