Upturn in the euro area gathers pace

Growth in the euro area seems to strengthen, according to the January estimate of the Euro Growth Indicator. The Indicator forecasts the growth rate  to rise to 0.7 per cent in both the fourth quarter 2016 and the first quarter of 2017, up from 0.3 per cent recorded by Eurostat for the preceding two quarters. The indicator estimates have been revised up from December by 0.12 and 0.19 percentage points, respectively. 

More information on this topic on our Euro Growth Indicator section.