Economics
Euro-Area Economy Gets Boost From Investment, Consumer Spending
- GDP increased 0.4 percent in 2Q, matching earlier estimate
- Global trade dispute has hit confidence in recent months
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Consumer spending and business investment kept the euro-area economy humming along in the second quarter, with the wheels greased by the European Central Bank’s ultra-loose monetary policy.
Capital spending added 0.3 point percentage points to GDP in the period, helping to offset a negative drag from net trade. There was also support from households, government spending and inventories.