Friday April 3, 2020

Household demand drives Q1 euro zone growth

9th June, 2015
Household consumption contributed 0.3 per cent to euro zone growth in the quarter

Household demand and investment contributed most to economic growth in the euro zone during the first three months of the year, data from the European Union’s statistics office showed today.

Eurostat confirmed that euro zone GDP rose 0.4 per cent quarter-on-quarter for an annual gain of one per cent.

Household consumption contributed 0.3 per cent to the overall result, while investment added 0.2 per cent. Government spending added a further 0.1 per cent.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Every time Donald Trump spoke on the Covid-19 crisis last week, the stock markets plunged by another point

Marion McKeone | 2 weeks ago

Big tech firms pledge to pay contract staff through the social-distancing period

Emmet Ryan | 2 weeks ago

Further action may be needed to prevent the Irish economy being sunk, particularly when the global economy remains vulnerable

Ian Guider | 2 weeks ago