Economic Indicators
Eurozone Growth Increases By More Than Expected In Second Quarter
2022.07.29 12:25
By Scott Kanowsky
Investing.com — Eurozone economic growth rose in the second quarter, according to preliminary figures from Eurostat, surprising estimates of an inflation-induced slowdown.
Seasonally-adjusted gross domestic product in the common currency area increased by 0.7% during the period, slightly up from 0.6% from the previous quarter. Economists had expected the figure to come in at 0.2%.
EUR/USD traded higher by 0.2% at 1.0219 immediately following the release, while the pan-European Stoxx 600 index jumped 0.8% to 436.36.
