The euro zone economy grew by 0.4% in the second quarter

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The final data of the Statistical Office of the European Union showed that in the second quarter, GDP of 19 eurozone countries grew by 0.4%, having coincided with preliminary estimates and forecasts of analysts. In the first quarter, economic growth was also 0.4%. In annual terms, the euro area economy grew by 2.1%, while analysts had expected a rise of 2.2%. Consumer spending grew by 0.2%, government spending - by 0.4%, investments in fixed assets - by 1.2%. In the second quarter, exports increased by 0.6%, imports - by 1.1%. The economy of 28 EU countries in the second quarter relative to the previous quarter also grew by 0.4%. In annual terms, the EU's GDP growth was 2.1%.

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