Euro zone expanded 0.2% in the first quarter from the revised 0.1% in the fourth quarter, in line with both advanced and forecasted readings. Annually, the reading inclined to 0.6%, higher than both advanced and predicted readings of 0.5%.

Looking into details, household spending retreated to -0.1% from 0.2% in the fourth quarter, government spending edged up to 0.6% from 0.0%, gross fixed capital formation iced up to -1.1% from -1.3%, exports spiked to 2.5% from 1.7%, and imports climbed to 4.0% from 1.2%.