EMU: Quarterly GDP disappoints at 0.2% in Q1

FXStreet (Łódź) - On a quarterly basis Eurozone GDP increased 0.2% in Q1, following 0.4% growth registered the previous quarter, according to preliminary data released today by Eurostat. Analysts expected a pickup to 0.4%.

Year-over-year GDP rose 0.9% in Q1, up from +0.5% in Q4 but below forecasts of 1.1% growth.