(BRUSSELS) - The economy of the 15 nations sharing the euro contracted 0.2 percent in the second quarter after growing 0.7 percent the previous quarter, according to EU data Wednesday, confirming earlier estimates.

On a 12-month comparison, the eurozone economy grew 1.4 percent in the second quarter, down sharply from 2.1 percent, the Eurostat data agency said in a final calculation.

Meanwhile, the broader 27-nation European Union economy stalled with zero growth after expanding 0.6 percent in the first three months of the year. Eurostat had previously estimated that the economy had contracted 0.1 percent.

Over one year, the EU economy grew 1.7 percent, slowing from a rate of 2.3 percent in the first quarter, Eurostat said, revising up a previous estimate of 1.6 percent.

Further information - Eurostat

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