Eurozone GDP growth biggest since 2006

European Union statistics agency Eurostat said GDP in the 16-nation zone grew 1% versus Q1 and 1.7% against the same period last year. In addition, revised figures for the first quarter put growth at 0.5% instead of the original 0.2% estimate. The Q2 growth outpaced that in the US, where GDP increased 0.32% against the same period last year. Better than expected economic growth in Germany was largely responsible for the improved estimates. Second-quarter GDP data published earlier today showed the German economy grew 2.2% versus Q1, its fastest pace since reunification in 1990. ...