FXstreet.com (Barcelona) - Euro Zone's gross domestic product increased slightly faster than firstly estimated during the first three months of 2008, while the economic growth for the last quarter of 2007 has been revised down, according to Eurostat.
In the first three months of the year, Euro Zone GDP grew at a 0.8% pace, according to the latest revision, instead of the 0.7% previously reported, the year on year growth has been left unrevised at 2.2%.
Household final consumption has increased 0.2% in the first quarter, after a 0.1% decline in the previous quarter. Investment increased 1.6%, following a 1.0% increase in the first quarter, and exports rose 1.9%, after a 0.3% increase in the last quarter of the past year.
Gross domestic product for the last quarter of 227 has been revised down to a 0.3% increase on the quarter, and 2.1% increase year on year, down from 0.4% and 2.2% respectively.