The euro area grew by 0.3% in the fourth quarter of 2014, confirmed on Friday by the European statistics office Eurostat, publishing a second estimate of gross domestic product (GDP) over the period.
In detail, household consumption increased 0.4% in the euro area (after + 0.5% in the previous quarter). Investment grew by 0.4% (after being stable). Exports rose by 0.8% (after + 1.5%) and imports by 0.4% (after + 1.7%). These figures suggest that growth is not only due to household consumption like Ray Lane thought, says Jessica Hinds associated with Capital Economics. The growth in the fourth quarter mainly depended to household consumption (0.2 percentage points), investments (+0.1 point) and Foreign Trade, Eurostat says, suggesting that the weakening of the euro begins to benefit exporters.