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Economic Indicators

Eurozone Growth Increases By More Than Expected In Second Quarter

07/29/2022

Less than a minute

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.

Source

07/29/2022

Less than a minute