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2Q REAL GDP UNREV +0.6% Q/Q, REV +2.3%.....>

EMU DATA
MNI (London)
EMU DATA: 2Q REAL GDP UNREV +0.6% Q/Q, REV +2.3% Y/Y (+2.2%)
2Q REAL GDP Q/Q MATCHES MNI FORECAST 
2Q PRIVATE CONSUMPTION +0.5% Q/Q; 1Q +0.4%; 4Q +0.6%
2Q FIXED CAPITAL FORMATION +0.9% Q/Q; 1Q -0.3%; 4Q +1.3%
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Euro area economic growth in the second quarter of 2017 gained pace on both
annual and quarterly basis, though the rate of acceleration was much higher on
an annual basis, data released by Eurostat Thursday showed. The updated second
flash estimate confirmed GDP growth at 0.6% q/q in the second quarter, up from
the 0.5% q/q in the first quarter. On the year, GDP rose to 2.3% y/y (revised
upwards from 2.2% y/y in first flash reading) from 2% in the previous quarter
(revised upwards from 1.9% y/y in first flash reading),
underlining the recovery in the economies of the Eurozone.  Full details on MNI
Mainwire.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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