Daily Management Review

The First Quarter Proved Fruitful For Eurozone’s Economy Growth


The analysts were left behind as the Eurozone’s first quarter growth over shadowed their expectations.

Eurostat’s “preliminary flash” estimation has been published on Friday, the 29th April 2016, whereby reflecting an economic growth in the “first quarter” which beat the expectation.
The Gross Domestic Product after adjusting itself on seasonal basis showed an increment of “0.6%” in comparison to its “previous” quarter’s performance of “0.3%” growth. The current growth rate leaves the predicted “0.4% growth pencilled in by economists”.
However, on the “year-on-year” scale, the “seasonally-adjusted” Gross Domestic Product remained “unchanged” as it went up by “1.6%” while the expectations were of “1.5%” nudge down.
Taking a wider circle of “EU-28” countries’ group, the GDP went up “0.5% in the first quarter” when compared to its “previous three months”, while on an yearly basis it touched bay at “1.7%”.
The “0.6%” increment in the Eurozone’s economy, “very comfortable” over took the U.K. and the U.S. for the same run, says Capital Economics:
“The numbers provide a solid start to the year, particularly against a background of worries over the global economy in Q1. But they look a bit out of line with broader survey evidence of both activity and sentiment, which have generally softened this year.
“And two recent supports to growth – the effects of previous declines in the euro and oil prices – are still likely to fade over the coming quarters.”

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