Eurozone posts better-than-expected 0.3 percent growth

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Eurozone posts better-than-expected 0.3 percent growth
Photo: Ebrahim Noroozi AP/TT

The Eurozone economy grew 0.3 percent in the fourth quarter compared with the previous quarter, according to Eurostat. That was slightly more than the expected 0.2 percent.

At an annual rate, growth was 1.3 percent, in line with expectations.

Positive signals are coming from Germany, Italy and Spain, while the French economy grew in line with expectations.

At the same time, Eurostat reports a slightly lower-than-expected unemployment rate of 6.2 percent for the eurozone, compared with expectations of 6.3 percent.

The German economy, the eurozone's largest, grew by 0.3 percent, compared to an expected 0.2 percent. At an annual rate, German growth in the quarter was 0.6 percent, compared with an expected 0.4 percent.

This afternoon, preliminary inflation figures for January will also be released in Germany.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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