Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Eurozone gross domestic product expanded by 2.2% in the second quarter, exceeding the previous estimate of 2.0% growth, according Eurostat date released on Tuesday.
That outpaces growth in both the U.S. and China, although both those economies have already regained pre-pandemic levels. European Central Bank officials believe the eurozone will not regain pre-Covid output until year end. GDP remained 2.5% below the level of Q4 2019.
On an annual basis, output surged by 14.3%, well above there previously-reported 13.6% gain. GDP declined by 0.3% in the opening quarter of 2021, unrevised from earlier estimates. Employment rose by 0.7% in the second quarter, above the 0.5% rise reported last month.
Amongst the largest eurozone members, German output grew by 1.6% in the second quarter, while France rose by 1.1%, Italy by 2.7% and Spain by 2.8%.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.