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Eurostat released its GDP growth figures for the Eurozone on Friday. Eurozone's preliminary gross domestic product (GDP) increased by 0.3% in the second quarter, missing expectations for a 0.4% rise, after a 0.4% gain in the first quarter.
On a yearly basis, Eurozone's preliminary GDP rose by 1.2% in the second quarter, missing expectations for a 1.3% increase, after a 1.0% gain in the first quarter.
Eurostat released no details of the component breakdown of GDP.
The U.S. economy grew 0.6% in the second quarter, after a 0.2% growth in first quarter. On a yearly basis, the U.S. economy expanded at 2.3% in second quarter, after a 2.9% increase in the first quarter.
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