The euro zone's economy grew by more than expected in the second quarter of 2024, flash figures from the European Union's statistics office showed Tuesday.
The zone's gross domestic product rose by 0.3% in the three months to the end of June compared to the previous quarter, the data showed.
The euro zone entered a technical recession in the second half of 2023, as GDP contracted in both the third and fourth quarter of the year, according to revised figures released earlier this year.
Bert Colijn, senior euro zone economist at ING, said in a note on Tuesday that the data indicated that the regiona's economy is somewhat recovering.
"The question remains where the economy will head from here and recent data do not provide much confidence that the eurozone economy is further accelerating," Colijn said.
Persons:
Bert Colijn, Colijn
Organizations:
Reuters, ING
Locations:
Frankfurt