Tuesday, February 13, 2007

Forex News: 13.02.2007 Preliminary GDP was above expectations in the euro area

Preliminary GDP in the forth quarter was 0.9%, compared with 0.5% in the preceding quarter, Eurostat, the Statistical Office of the European Communities reported today. The index was expected to rise by 0.6%.

Seasonally adjusted annual GDP was 3.3% in the forth quarter, in the preceding quarter the index was 2.7%.

Over the whole year 2006, GDP was 2.7% in the euro area, compared with 1.4% in 2005. The Eurostat admitted that annual indexes for the forth quarter and over the year 2006 in the euro area were below the US data. At the annual rate US GDP rose by 3.4% in the forth quarter. Over the year 2006, US GDP growth was 3.4%, compared with 3.2% in 2005.


Post a Comment

<< Home