Euro area growth is slowly gaining traction
Growth in the euro area will remain at 0.3 per cent in the first quarter of 2015. The first estimation for the second quarter predicts a small improvement to 0.4 per cent, confirming the modest upward momentum. On a year-on-year basis, the expansion is set to strengthen from 0.9 per cent in the past couple of quarters to 1.3 per cent in the coming quarter. Although modest by historical standards, this would be the highest rate of growth in four and a half years.
More information on this topic on our Euro Growth Indicator section.
