We have updated our privacy policy and terms & conditions. Find out more here.

Euro zone final Q1 GDP revised down to -0.3% from -0.2%

Economic IndicatorsJul 04, 2013 09:06AM GMT Add a Comment

Share with a Friend


Thanks for sharing

Emails have been sent to:
To send more emails click here
Investing.com - The euro zone’s economy contracted more than initially expected in the first quarter of 2013, confirming a recession, final data showed on Thursday.

In a report, Eurostat said that the euro zone’s gross domestic product shrank 0.3% in the January-to-March period, downwardly revised from a preliminary estimate of 0.2% contraction.

The euro zone’s economy shrank 0.6% in the preceding quarter. A technical recession is defined as two straight quarters of contraction.

Following the release of that data, the euro was lower against the U.S. dollar, with EUR/USD easing down 0.12% to trade at 1.2995.

Meanwhile, European stock markets remained higher. The EURO STOXX 50 added 0.6%, France’s CAC 40 rose 0.8%, Germany's DAX advanced 0.6%, while London’s FTSE 100 gained 0.9%.

Euro zone final Q1 GDP revised down to -0.3% from -0.2%

Related Articles

Australian trimmed mean CPI 0.7% vs. 0.5% forecast
Australian trimmed mean CPI 0.7% vs. 0.5% forecast
By Investing.com - Jan 28, 2015

Investing.com - Australian trimmed mean CPI rose more-than-expected in the last quarter, official data showed on Wednesday.In a report, Reserve Bank of Australia said that ...

U.S. business spending weakens, but consumers upbeat
U.S. business spending weakens, but consumers upbeat
By Reuters - Jan 27, 2015

By Lucia Mutikani WASHINGTON (Reuters) - A gauge of U.S. business investment plans fell for a fourth straight month in December, a potential sign that slowing global growth and ...

Add a Comment


Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Are you sure you want to delete this chart?
Are you sure you want to delete this chart?

Successfully Reported

Thank you. This comment has been flagged for a moderator.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.