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Euro-Zone Economy Grew More Than Estimated in Second Quarter

  • GDP expanded by 0.8% compared with earlier reading of 0.6%
  • Consumer and government spending supported economic activity
Euro-area consumption expenditure more than offset a drag from trade.

Euro-area consumption expenditure more than offset a drag from trade.

Photographer: Krisztian Bocsi/Bloomberg

The euro-area economy expanded by more than initially estimated in the second quarter, with the revision revealing greater support from consumer and government spending.

Output rose 0.8% from the previous three months -- stronger than an earlier reading of 0.6% -- as gains in consumption expenditure more than offset a drag from trade. Employment gained 0.4% during the period, separate Eurostat data showed Wednesday.