Eurozone flash Q1 GDP steadies at 0.4% q/q, meets estimates

According to the second revision  of the Eurozone GDP published by Eurostat, the statistical office of the European Union, the Eurozone economy expanded 0.4% in the first quarter of 2019, confirming the preliminary flash readout.

On an annualized basis also, the region’s economic growth matched the original estimates and arrived at 1.2%. Both the figures met the consensus forecasts.

The EUR/USD pair held onto the daily tops near 1.1220 levels following the in line with estimates Eurozone growth numbers for Q1 2019.