India, May 15 -- Euro area economic growth accelerated less than estimated in the first quarter and employment logged a faster increase, flash estimate from Eurostat showed on Thursday.
Gross domestic product expanded 0.3 percent on a quarterly basis, which was revised down from the 0.4 percent growth estimated on April 30. This followed the fourth quarter's 0.2 percent expansion. On a yearly basis, economic growth remained unchanged at 1.2 percent in the first quarter and matched estimates.
Among the big-four economies, Spain posted the fastest expansion of 0.6 percent. Germany and Italy grew 0.2 percent and 0.3 percent, respectively. The French economy expanded only 0.1 percent.
The EU27 economy grew 0.3 percent on a quarterly basis in...