Eurozone prelim flash GDP rises to 0.4% q/q in Q1, beats estimates

The Eurozone economy quickened its pace of expansion to 0.4% on quarter in the three months to March of 2019, bettering 0.3% expected, the first estimate showed on Tuesday. 

On an annualized basis, the bloc’s economic growth rate also ticked higher to 1.2% from 1.1% seen in the previous readout while beating expectations.

Meanwhile, the Euroland jobless rate dropped to 7.7% in March vs. 7.8% expected.

About Eurozone prelim flash GDP

The Gross Domestic Product released by the Eurostat is a measure of the total value of all goods and services produced by the Eurozone. The GDP is considered as a broad measure of the Eurozone economic activity and health. Usually, a rising trend has a positive effect on the EUR, while a falling trend is seen as negative (or bearish).