According to official statistics,the economy of eurozone expanded faster than anticipated 0.6% in the first quarter of the year. The growth rate that doubled increase from the 0.3% rate recorded in the past quarter was over analyst's anticipation of 0.4%.
However, separate infromation from Eurostat also showed that deflation had come back to the eurozone and Inflation fell from zero percent in March to minus 0.2 percent in April. other eurostat figures indicated the unemployment rate of eurozone decreased to 10.2 percent in March.