Eurozone growth halves in Q2

Mubasher: Economic growth in the Eurozone rose by 0.3% in the second quarter of 2016, coming in-line with expectations, but below the 0.6% growth registered in the previous quarter, according to the Eurostat.

France, the eurozone's second-largest economy, witnessed no growth between April and June, after expanding by 0.7% in Q1-16.

Eurozone inflation rose to 0.2% in July from 0.1% in June on the back of higher food, alcohol and tobacco prices, according to the Eurostat on Friday.

It added that the Eurozone's jobless rate remained at 10.1% in June.

 

Mubasher Contribution Time: 30-Jul-2016 11:40 (GMT)
Mubasher Last Update Time: 30-Jul-2016 11:40 (GMT)