Eurozone 1Q GDP Up 0.1%... Slows Compared to Previous Quarter

The European Union (EU) statistical authority Eurostat announced on the 16th (local time) that the Eurozone's Gross Domestic Product (GDP) for the first quarter of this year grew by 0.1% compared to the previous quarter. This meets market expectations but is somewhat slower than the 0.3% growth in the fourth quarter of last year.

Compared to the same period last year, it grew by 1.3%, matching both the forecast and the previous quarter's figure.