Investing.com - The euro zone’s economy expanded in line with previous estimates in the second quarter of 2013, as the region exited a recession, final data showed on Monday.
In a report, Eurostat said that the euro zone’s gross domestic product grew by a seasonally adjusted 0.3% in the April-to-June period, unchanged from a preliminary estimate and in line with expectations.
The euro zone’s economy shrank 0.3% in the preceding quarter.
Following the release of the data, the euro remained higher against the U.S. dollar, with EUR/USD gaining 0.23% to trade at 1.3585.
Meanwhile, European stock markets held on to sharp losses. The EURO STOXX 50 fell 1%, France's CAC 40 dropped 1.1%, Germany's DAX retreated 1.05%, while London’s FTSE 100 slumped 0.8%.
In a report, Eurostat said that the euro zone’s gross domestic product grew by a seasonally adjusted 0.3% in the April-to-June period, unchanged from a preliminary estimate and in line with expectations.
The euro zone’s economy shrank 0.3% in the preceding quarter.
Following the release of the data, the euro remained higher against the U.S. dollar, with EUR/USD gaining 0.23% to trade at 1.3585.
Meanwhile, European stock markets held on to sharp losses. The EURO STOXX 50 fell 1%, France's CAC 40 dropped 1.1%, Germany's DAX retreated 1.05%, while London’s FTSE 100 slumped 0.8%.