Investing.com – Gross domestic product (GDP) in the euro zone rose as expected in the fourth quarter, according to preliminary official data released on Tuesday.
In a report, Eurostat said that GDP rose a seasonally adjusted 0.6% in the final three months of 2017. That was in line with consensus forecast.
The third quarter expansion was revised higher to 0.7%, from the previous 0.6%.
Year-on-year, GDP in the single currency bloc rose 2.7% in the fourth quarter, in line with expectations and compared to the 2.8% expansion seen in the previous quarter which was revised up from the initial reading of 2.6% growth.
After the release of the GDP data, EUR/USD was unchanged at 1.2398, while EUR/GBP was at 0.8812 from 0.8810 earlier.
Meanwhile, European stock markets continued to trade lower. The Euro Stoxx 50 dropped 0.30%, Germany's DAX fell 0.26%, France’s CAC 40 lost 0.16%, while London’s FTSE 100 traded down 0.44%.