The euro area economy expanded in the first quarter after two consecutive declines, a preliminary flash estimate from Eurostat showed on Tuesday.
Gross domestic product grew by more-than-expected 0.3 percent on quarter following a 0.1 percent fall each in the fourth and third quarters of 2023.
Thus the economy recovered from a recession. GDP was expected to rise 0.1 percent in the first quarter.
On a yearly basis, GDP growth accelerated to 0.4 percent from 0.1 percent in the previous quarter. This was also better than forecast of 0.2 percent.
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