Euro Zone First Quar­ter Slow­down Con­firmed

Iran News - - INTERNATIONAL -

BRUS­SELS (Reuters) - Euro zone eco­nomic growth slowed in the first three months of the year and in­dus­trial out­put in March was weaker than ex­pected, data from the Euro­pean Union’s sta­tis­tics of­fice Euro­stat showed on Tues­day.

Euro­stat con­firmed its ear­lier pre­lim­i­nary flash es­ti­mate that gross do­mes­tic prod­uct in the 19 coun­tries that share the euro rose 0.4 per­cent quar­ter on quar­ter in the Jan­uary-March pe­riod slow­ing from 0.7 per­cent in the pre­vi­ous quar­ters. Year-on-year, euro zone GDP grew 2.5 per­cent, in line with the pre­lim­i­nary es­ti­mate and down from 2.8 per­cent in the fourth quar­ter of 2017 and 2.7 per­cent in the third quar­ter.

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