May EUROGROWTH indicator confirms strengthening of recovery in the euro area.

According to the EUROGROWTH indicator May estimates, euro area GDP growth will accelerate from 0.3 percent in the fourth quarter of 2014 to 0.4 and 0.6 percent in the first and second quarters of 2015, respectively, confirming the expectation of an acceleration of economic activity in the first half of 2015. On a year-on-year basis, growth should accelerate from less than 1 per cent in the last four quarters to 1.5 per cent in the current quarter.

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