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European Economic News

Eurozone Q4 Growth Confirmed At 0.3%

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

The Eurozone economy grew as estimated in the fourth quarter, data from Eurostat showed Tuesday.

Gross domestic product climbed 0.3 percent sequentially, in line with the estimate published on February 12. The economy had logged a similar 0.3 percent expansion in the third quarter.

On a yearly basis, GDP growth held steady at 1.6 percent in the fourth quarter. The annual growth rate was revised up from 1.5 percent.

The expenditure side breakdown of GDP showed that household spending growth eased to 0.2 percent sequentially from 0.5 percent. Meanwhile, government spending growth doubled to 0.6 percent from 0.3 percent.

Likewise, investment climbed 1.3 percent, faster than the 0.4 percent increase seen a quarter ago.

Exports growth remained unchanged at 0.2 percent, while imports rose at a slower pace of 0.9 percent after rising 1.2 percent in prior quarter.

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