Recovery in the euro area is picking up speed

Growth in the euro area will accelerate to 0.6 per cent in the second quarter of 2015 from 0.4 percent in the first quarter, according to the June EUROGROWTH indicator. The first estimation for the third quarter forecasts a further slight increase in the growth rate to 0.7 percent. On a year-on-year basis, the expansion is expected to strengthen to 1.6 per cent in the current quarter and 2.1 percent in the third quarter, the highest rate of growth since early 2011.

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