Eurozone Preliminary GDP rises 0.2% QoQ in Q1, misses estimates

The Eurozone economy expanded by 0.2% on the quarter in the three months to March of 2022, missing 0.3% expected and 0.3% prior, the preliminary estimate showed on Friday. 

On an annualized basis, the bloc’s GDP rate rose by 5.0% in Q1 vs. 4.6% booked in the fourth quarter of 2021 while matching 5.0% expectations.

more to come ...

About Eurozone Preliminary GDP

The Gross Domestic Product released by 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's 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).