- Preliminary data indicates the UK’s Q1 economy grew 2.8 percent from the first quarter 2006 and 0.7 percent from the previous quarter. The February-April unemployment rate remained stable at 5.5 percent compared to the previous three-month period and gained 0.2 percent from the same period a year earlier.
- Germany’s unemployment rate continued to decline, falling 0.4 percent in April to 9.1 percent. That represents a 1.7- percent drop from April 2006.
- France’s May unemployment rate fell 0.1 percent to 8.1 percent from the previous month, and dropped 1 percent from the same month a year ago. France’s department of statistics reported the country should see a mild acceleration of GDP — about 0.7 percent — this spring, putting it on par with Germany and the rest of the Eurozone.
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