Eurozone GDP Upside Surprise

Marketwatch reports:

Euro-zone gross domestic product shrank by 0.1% in the second quarter compared to the first three months of the year, the statistics agency Eurostat reported Thursday. Compared to the second quarter of last year, GDP fell 4.6%. Economists had forecast a 0.4% quarterly fall and a 5% annual decline. But an unexpected return to growth by Germany and France in the second quarter had trimmed market expectations for a second-quarter euro-zone GDP decline.

Below is a chart of the quarter over quarter change by country (for those available), as compared to that of the U.S.



Source: Eurostat