Euro zone GDP falls short of expectations, inflation picks up
By Administrator_India,
Capital Sands
Euro zone economic growth was slower than expected in the last three months of 2019, a first estimate showed on Friday, while inflation in January picked up in line with expectations thanks to a jump in prices of food, alcohol and tobacco and energy.
The European Union's statistics office Eurostat said gross domestic product in the 19 countries sharing the euro rose 0.1% quarter-on-quarter for a 1.0% year-on-year gain.Economists polled by Reuters had expected a 0.2% quarterly and a 1.1% annual increase.
Separately, Eurostat said consumer prices fell 1.0% month-on-month in January for a 1.4% year-on-year rise, accelerating from a 1.3% rate in December and 1.0% in November.
However, the pick-up in headline price growth was mainly du...