European Exports, Investments Spur Economy’s Recovery

European exports surged the most on record and corporate spending rebounded from a two-year slump in the second quarter, fueling the region’s fastest economic expansion in four years.

Exports from the 16-nation euro region jumped 4.4 percent from the first quarter, the biggest gain since data were first compiled in 1995, while corporate spending rose 1.8 percent, ending eight quarters of contraction, the European Union’s statistics office in Luxembourg said today. Gross-domestic-product growth accelerated to 1 percent, in line with an Aug. 13 estimate, from a revised 0.3 percent in the previous quarter.