India, June 6 -- The euro area economic growth doubled in the first quarter on household spending, investment and exports, official data revealed on Friday.
Gross domestic product logged a quarterly growth of 0.6 percent in the first quarter, which was faster than the initial estimate of 0.3 percent, Eurostat said. This followed a 0.3 percent rise in the fourth quarter of 2024.
On a yearly basis, economic growth improved to 1.5 percent from 1.2 percent. The first quarter rate was revised up from 1.2 percent.
The expenditure-side of GDP showed that household consumption grew 0.2 percent, while government spending remained flat.
Growth in gross fixed capital formation rose at a stronger pace of 1.8 percent after a 0.7 percent gain.
Expor...