Eurozone Growth Driven By Consumption in Q4

Household consumption and a rebound in investment drove economic growth in the euro zone in the last three months of last year, data from the European Union’s statistics office Eurostat showed on Tuesday.

Eurostat confirmed its earlier estimate that the economy of the 19 countries sharing the euro grew 0.4 percent quarter-on-quarter and 1.7 percent year-on-year.

It said household consumption added 0.2 percentage points to the final quarterly growth number and capital investment added another 0.1 points, rebounding from a 0.1 point negative contribution in the third quarter.

Reuters

Sterling Getting Pounded

DAX Edges Higher Despite Dismal German Mfg. Report

MS

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.