European GDP contracted by 0.3%

Tuesday, 6 March 2012 01:27

The Eurostat reported today that European GDP declined as expected by 0.3% in a fourth quarter of 2011. The result is the same for both EU17 and EU27.

Prior quarter data showed 0.1% increase in euro zone and 0.3% growth in whole European Union.

The couple EUR/USD was traded at 1.3165 after news release.