Economic Buzz: Eurozone Confirms GDP Growth At Slower Pace In Q4

8 Mar 2022 , 04:21 PM

Eurozone gross domestic product grew 0.3 percent sequentially, following third quarters 2.3 percent expansion, revised data from Eurostat showed on Tuesday. The rate came in line with the preliminary estimate published on February 15. The expenditure-side breakdown showed that household spending decreased 0.6 percent, in contrast to the 4.5 percent increase a quarter ago. Meanwhile, the growth in government spending rose to 0.5 percent from 0.3 percent. Further, gross fixed capital formation rebounded 3.5 percent after falling 0.9 percent in the third quarter. Exports and imports climbed 2.9 percent and 4.6 percent, respectively. The economy expanded 4.6 percent annually in the fourth quarter, as estimated, after rising 4.0 percent in the previous quarter.

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