EMU: GDP falls less than forecast in Q2

FXstreet.com (Barcelona) - On an annual basis Eurozone GDP decreased 0.5% in Q2, up from the 1.1% fall registered the previous quarter, according to data released today by Eurostat. Economists expected a greater decline of 0.7%.

Quarter-over-quarter GDP rose 0.3% in Q2, compared with the 0.3% drop in Q1, as expected.