Eurozone GDP rose by 0.3%

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Friday, Aug 14 2015

Seasonally adjusted GDP rose by 0.3% in the euro area (EA19) and by 0.4% in the EU28 during the second quarter of 2015, compared with the previous quarter, according to flash estimates published by Eurostat. Analysts were anticipating 0.4% rise. In the first quarter of 2015, GDP grew by 0.4% in both areas.

Italy's economy grew slightly less than expected in the second quarter, data showed on Friday, as a weak recovery from three years of recession lost momentum.Gross domestic product rose 0.2%, slowing compared with a 0.3% increase in the January-to-March period, and was up 0.5% on an annual basis, national statistics bureau ISTAT reported.

Euro is currently being traded few points above 1.1140 level. Pair is likely to find support around 1.11 handle and resistance above 1.1180 area. Later today, in the US session, PPI, Industrial Production and Consumer Sentiment figures are scheduled for a release.

More in this category: « Aussie slightly higher on incline in iron ore prices US PPI up by 0.2% in July »

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