Household demand drives Q1 euro zone growth

Household demand drives Q1 euro zone growth
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.

Eurostat said the figures were...

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