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7/21/06

Reuters: - Further signs emerge of solid Q2 growth in Europe

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Further signs emerge of solid Q2 growth in Europe

PARIS, July 21 (Reuters) - Europe's large economies produced further evidence on Friday of an upturn in the second quarter that should be confirmed by official growth estimates in the next few weeks.

France said household spending rose at its fastest pace in a year in June, lifting expenditure for the April-June period as a whole 1.5 percent, after a 1.2 percent in the previous quarter in the euro zone's second largest economy.

Britain, the first major European economy to produce an estimate of second-quarter GDP, said gross domestic product rose at its fastest clip in two years in the period, up 0.8 percent from the quarter before. Britain trades heavily with the euro zone.

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