Euro-Area Growth Boosted by Domestic Demand as Trade Dragged
- Eurostat confirms fourth-quarter economic expansion of 0.4%
- ECB set to publish updated projections after meeting this week
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Domestic spending drove euro-area growth in the fourth quarter of 2016, with trade damping output.
Gross domestic product rose 0.4 percent, matching earlier estimates and the rate of expansion in the previous quarter. Household consumption added 0.2 percent point to growth, while government spending and investment contributed 0.1 point each, the European Union’s statistics office said on Tuesday.