Eurozone Prelim GDP growth bang on expectations in Q1

The Eurozone economy advanced 0.5% on quarter in the three months to March of 2017, following an upwardly revised 0.5% growth in the previous period and matching market expectations of a 0.5% expansion, the preliminary flash estimate showed on Wednesday. 

On annualized basis, the bloc’s economy maintained 1.7% growth rate, when compared to 1.8% (revised higher) previous and in-lined with forecasts of 1.7% growth.