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Second-quarter growth revised up to 2.2 percent

Euro zone YR/YR quarter growth

The economy in the 19 countries sharing the euro currency expanded by more than previously forecast on an annual basis, the European Union’s statistics office Eurostat said on Wednesday.

Euro zone gross domestic product (GDP) expanded by 0.6 percent in the second quarter compared to the first, as previously estimated, but the annual figure was upgraded to 2.2 percent growth, compared to 2.1 percent in an earlier estimate.

The annual estimate was also higher than the 2.1 percent expected in a Reuters poll of 28 economists.

Compared to the previous quarter, economic growth was strongest in the Netherlands and Latvia, with the Spanish economy also growing above average.

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