Tuesday, March 06, 2007

Forex News: 06.03.2007 Preliminary GDP in the euro area for the forth quarter up to expectations

Preliminary GDP for the forth quarter was 0.9% in the euro area, compared with 0.5% in the preceding quarter, Eurostat, the Statistical Office for the European Communities reported today. The index was up to analysts, expectations.

Seasonally adjusted annual growth of GDP was 3.3% in the forth quarter; while in the preceding quarter annual GDP was 2.7%.

Eurostat noted that in the forth quarter growth in investment and exports accelerated. Investments grew by 1.2% in the forth quarter. Exports rose by 3.7%, while imports fell by 1.7% for the period under report.

Over the whole year 2006, GDP grew by 2.6% in the euro area, compared with 1.4% in 2005.


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