Euro zone first-quarter economic surge is stronger than anticipated

Euro zone first-quarter economic surge is stronger than anticipated

In the first quarter, the euro zone economy rallied more than anticipated in the first quarter, bouncing off a dive in the second half of last year, while unemployment headed south to its lowest value for more than ten years, as Tuesday’s data revealed.

However, financial analysts told that the numbers gave the ECB minor indication of whether to proceed with stimulating surge with loose monetary policy or to get down to tightening.

Eurostat, the EU’s statistics office informed that as follows from a preliminary forecast GDP in the 19 EU countries went up by 0.4% quarter-on-quarter for the first three months of this year, soaring from 0.2% in the fourth quarter of last year and 0.1% in the third quarter.

Year-on-year, euro zone GDP headed north by 1.2%, which is the same rally as in the last quarter of the previous year. The Eurostat data comes with a forecast by Germany of first-quarter GDP surge in Europe's number one economy that hasn’t been uncovered yet.

Financial analysts had hoped for a 0.3% quarterly rally as well as a 1.1% annual expansion.

GDP surge should hover about 0.3% in the remainder of 2019, which is below ECB as well as European Commission estimates of surge at 0.4% in the second half of this year.

The ECB that put off tightening monetary policy at the end of 2018 against the backdrop of persistently dismal inflation, had anticipated the first-quarter surge of 0.2%, speeding up to 0.3% in the second quarter.

Additionally, Eurostat told that euro zone unemployment went down to 7.7% of the workforce last month with 12.630 million folks looking for jobs, which is the lowest rate since September 2008, versus 7.8% of the workforce or 12.804 million employees in February.


American import prices rally a bit

In April, American import prices surged less than anticipated in April due to the fact that jumps in the cost of food and petroleum were tamed by the largest tumble in the price of capital goods for a decade, dropping a hint at the fact that inflation…

Latest news

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera