The Eurozone economy grew at its fastest annual pace in six years in the last quarter, according to preliminary date from the region's official statistics office published Tuesday.
The economies of the 19 countries using the single currency grew at an annual rate of 2.1%, Eurostat said, the strongest advance since the first quarter of 2011. Quarter-on-quarter growth was estimated at 0.6%, the statistics agency said, a figure that was largely in-line with economists' forecasts. First quarter growth, however, was revised modestly lower to 0.5% from an original estimate of 0.6%.
The euro was little-changed at 1.1811 against the U.S. dollar following the data release, but has surged more than 13% against the greenback so far this year and gained 7.2% over the three months ending in June.
The U.S. economy grew at an annual rate of 2.6% over the second quarter, the Commerce Department estimated last week, a rate that was more than double the 1.2% pace recorded in the first three months of the year.
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