ECONOMY

Eurozone GDP fell by 0.2% in the first quarter of 2013, says Eurostat

Economic output fell by 0.2 percent in the euro area and by 0.1 percent in the European Union during the first quarter of 2013, compared with the previous quarter, according to second estimates published by Eurostat on Wednesday.

In the fourth quarter of 2012, growth rates were -0.6 percent and -0.5 percent respectively.

Compared with the same quarter of the previous year, GDP fell by 1.1 percent in the euro area and by 0.7 percent in the EU in the first quarter of 2013.

Greece was one of the countries for which full first quarter data was not available.