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Eurozone Growth Driven By Consumption in Q4

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Household consumption and a rebound in investment drove economic growth in the euro zone in the last three months of last year, data from the European Union’s statistics office Eurostat showed on Tuesday.

Eurostat confirmed its earlier estimate that the economy of the 19 countries sharing the euro grew 0.4 percent quarter-on-quarter and 1.7 percent year-on-year.

It said household consumption added 0.2 percentage points to the final quarterly growth number and capital investment added another 0.1 points, rebounding from a 0.1 point negative contribution in the third quarter.

Reuters

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Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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