FXstreet.com (Barcelona) - Economic growth in the Euro Area has slowed down in the second quarter of the year, as expected, compared to the firs three months of the year, according to the latest report by Eurostat.
GDP has increased 0.3% in the second quarter of the year, and 2.5% on the year, figure in line with the preliminary estimation , that confirm the slower growth rates in a year.
Household consumption has posted a 0.5% increase on the quarter, which has been overweighed by the 0.2% decrease in new investments. Exports have increased 0.8% on the quarter, while imports rose 0.5%.
Figures for the first quarter have been revised up to a 0.8% quarterly growth from the 0.7% increase previously estimated.