EMU: Annual GDP contraction accelerates slightly in Q1, as expected

FXstreet.com (Barcelona) - On an annual basis EMU GDP decreased 1% in Q1 2013, slightly down from the 0.9% fall registered the previous quarter, according to data released today by Eurostat. This result is almost in line with market consensus of -0.9%.

Quarter-over-quarter GDP dropped 0.2% in Q1, following a 0.6% decline in Q4 and somewhat below expectations of a 0.1% decrease.