Euro zone GDP expands by 0.2% in the second quarter

By @ibtimes on

The Euro zone released the preliminary gross domestic product for the second quarter, where the quarterly index expanded by 0.2% from the previous quarter of 0.8% in line with expectations and unrevised from the flash estimate. Furthermore, the annual gross domestic product expanded by 1.6% from the previous of 1.7%, below the expected estimate of 1.7%.

Moreover, the quarterly household spending dropped by 0.1% from the previous expansion of 0.2%, worse than the expected drop of 0.1%.

The quarterly gross fixed capital expanded by 0.2%, from the revised previous expansion of 1.8% from 2.1%, worse than the expected expansion of 0.8%.

On the other hand, the quarterly government expenditures dropped by 0.2% from the prior revised reading of 0.4% from 0.8%, worse than the expected estimate of 0.1%.

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