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Image header Agence Europe
Europe Daily Bulletin No. 9460
Contents Publication in full By article 11 / 36
GENERAL NEWS / (eu) eu/economy

Eurozone growth continues despite slowdown in household consumption and exports

Brussels, 03/07/2007 (Agence Europe) - The Commission pointed out in a quarterly report on Tuesday that GDP in the euro area grew by 0.6% in the first quarter of 2007, boosted by strong investment growth. Economic growth in the first quarter reached 3% despite household consumption decreasing slightly mainly due to the contraction of German consumption as a result of the VAT increase. The latter had a moderate impact on consumer prices, however, as inflation remained broadly stable at around...

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