Euro-zone sees stronger-than-expected first-quarter GDP grow

LONDON (MarketWatch) — First-quarter gross domestic product in the 15-nation euro zone grew at a faster-than-expected 0.7% quarterly pace for an annual rise of 2.2%, Eurostat reported Thursday. Economists expected a 0.5% quarterly rise and a 1.9% annual jump. Germany and France reported stronger-than-expected GDP data earlier in the day. Eurostat also confirmed its earlier estimate of a 3.3% annual rise in consumer prices in April, backing off from a 3.6% jump in March.
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