Friday, December 19, 2014   

Euro zone posts anemic 0.3 growth in last quarter
(03-05 18:32)

Euro zone growth edged up by a mere 0.3 percent in the fourth quarter of 2013, enough of an improvement on a tepid 0.1 percent in the previous quarter to suggest that modest recovery remains on track, the EU's data agency said.
In its final figures for October to December growth, Eurostat confirmed the return to growth thanks to an increase in investment.
During the last three months of 2012, the then 17-nation euro zone economy expanded year-on-year by 0.5 percent.
Slovenia posted the strongest growth at 1.2 percent while Cyprus registered a slide of 0.1 percent along with Estonia, while Finland saw a fall of 0.3 percent.
The bloc's biggest economy Germany showed growth of 0.4 percent in the October-December period, better than analyst forecasts for 0.3 percent, while the French economy grew 0.3 percent, below forecasts.
Italy managed a mere 0.1 percent.
Investments drove recovery, increasing 1.1 percent against 0.6 percent in the previous quarter, while household consumption remained stable, up 0.1 percent, on par with third quarter growth.—AFP


   
Other Business breaking news:
UK retail sales surge thanks to 'Black Friday' (12-18 18:31)
Cautious Japanese firms holding record assets: BoJ (12-18 17:24)
German business confidence grows in December (12-18 17:23)
Swiss central bank introduces negative interest rate (12-18 17:03)
Hang Seng finishes higher, Shanghai down (12-18 16:35)
Ruble rallies in early trading on day of Putin press conference (12-18 15:42)
Nikkei soars on weaker yen (12-18 14:59)
Hang Seng up by lunch (12-18 12:35)
Fed says can be 'patient' on rate rise (12-18 12:11)
China's home prices continue to cool, declines narrowing (12-18 12:09)

More breaking news >>

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