Euro-Area Economy Grew More Than Estimated in Second Quarter
- Eurostat revises second-quarter growth to 0.4% from 0.3%
- Expansion driven by household consumption and exports
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The euro-area economy grew more than initially reported in the second quarter, driven by a surge in exports and consumer spending.
Gross domestic product rose 0.4 percent in the three months through June after expanding a revised 0.5 percent in the first quarter, the European Union’s statistics office in Luxembourg said Tuesday. Household consumption increased 0.4 percent. Eurostat had reported second-quarter growth of 0.3 percent on Aug. 14.