On July 18, 2024, MSC China was berthed at the dock in Antwerp, Belgium.
Jonathan Ra | Noor Photos | Getty Images
Euro zone economic growth exceeded expectations in the second quarter of 2024, preliminary data from Eurostat showed on Tuesday.
Data show that in the three months to the end of June, the region’s gross domestic product increased by 0.3% compared with the same period last year. Economists polled by Reuters had expected quarterly growth of 0.2%.
First-quarter GDP was confirmed at 0.3%, the same as the initial value released earlier this year.
According to revised data released earlier this year, the euro zone entered a technical recession in the second half of 2023 as GDP shrank in both the third and fourth quarters of this year.
Earlier in the session, Germany, the euro zone’s largest economy Shrink 0.1% In the second quarter, at the same time French gross domestic product Preliminary data from national statistical offices showed growth of 0.3% over the same period.
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