GDP’s reading for euro area better than expected…

Tuesday, 15 May 2012 03:18

After contracting by 0.3% in previous quarter euro zone’s flash Gross Domestic Product reading showed no change in first three month of 2012.
Economist forecasted that European economy will contract by at least 0.2%.
The same situation appeared in yearly compare, where GDP showed 0.0% change, while analysts estimated 0.2% decrease.
The couple EUR/USD was traded at 1.2847 after Eurostat announced its report today.