2Q17 FLASH REAL GDP +0.6% Q/Q, REV +2.2%...>

EMU DATA: 2Q17 FLASH REAL GDP +0.6% Q/Q, REV +2.2% Y/Y (+2.1% PREL) 

2Q17 FLASH GDP Q/Q MATCHES MNI MEDIAN FCAST 

1Q17 REAL GDP REVISED +0.5% Q/Q (+0.6%),UNREV +1.9% Y/Y

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Euro area economic growth in the second quarter of 2017 accelerated on both

annual and quarterly readings, though the rate of acceleration was much higher

on an annual basis, data released by Eurostat Wednesday showed. The updated

flash estimate confirmed GDP growth at 0.6% q/q in the second quarter, up from

the 0.5% q/q growth in the first quarter. On the year, GDP rose to 2.2% y/y

(revised upwards from 2.1% y/y in prelimary flash reading) from 1.9% in the

previous quarter, offering supporting evidence to the recovery in the economies

of the Eurozone.