Eurozone Q1 economic growth revised up to 0.6%
The acceleration in economic growth was driven by stronger household spending, which rose 0.6% when compared to the final three months of last year, posting the strongest growth since the last quarter of 2014. Higher government and investment spending also contributed to the region’s economic growth in the January-March period.
Meanwhile, Eurostat raised its growth estimate for the fourth quarter of 2015 to 0.4% on the quarter and 1.7% on the year from its previous estimates of at 0.3% and 1.6%, respectively.
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