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Bloomberg
The euro area economy expanded faster than previously reported in second quarter, bolstered by a surge in consumer spending.
Output rises 2.2% in the three months through June, more than the 2% initially estimated by Eurostat. Household consumption was up 3.7%, with government outlays and investment contributing to growth. Since economies across the region reopened after lockdowns, risks to outlook increased. Persistent supply-chain bottlenecks are damping momentum in manufacturing, and retailers and hospitality providers could see business decline if customers turn wary of resurgent coronavirus infections and stay home.
Employment also had a stronger rebound in the second quarter, growing 0.7%.