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MNI BRIEF: Mixed Euro Area GDP Growth Confirmed

Strong Spain growth in Q2 but Germany remains a a concern for ECB.

MNI (LONDON) - Euro area economic growth was 0.2% q/q, unrevised from the flash estimate, while year-on-year growth rose to 0.6% from 0.5% in Q1, data released by Eurostat on Friday showed, but Spain's solid performance helping compensate for sluggishness elsewhere in the bloc.

Spain saw growth of 2.9% y/y, but Germany was flat, with weakness across the Baltics and Finland.

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MNI (LONDON) - Euro area economic growth was 0.2% q/q, unrevised from the flash estimate, while year-on-year growth rose to 0.6% from 0.5% in Q1, data released by Eurostat on Friday showed, but Spain's solid performance helping compensate for sluggishness elsewhere in the bloc.

Spain saw growth of 2.9% y/y, but Germany was flat, with weakness across the Baltics and Finland.

Keep reading...Show less