The euro area economy grew at a slower than initially estimated pace in the first quarter, flash estimate from Eurostat showed on Thursday.
Gross domestic product expanded 0.3 percent on a quarterly basis, which was revised down from 0.4 percent estimated on April 30. This followed fourth quarter's 0.2 percent expansion.
On a yearly basis, economic growth remained unchanged at 1.2 percent in the first quarter and matched estimated.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.