The euro zone economy grew by 0.6% in the final quarter of last year, European statistics agency Eurostat confirmed today.

Today's figures confirmed that the single currency bloc expanded at its fastest rate in more than decade last year.  

Eurostat confirmed its earlier estimate that the economy of the 19 countries sharing the euro zone grew by 0.6% month-on-month and by 2.7% year-on-year. 

That followed expansion of 0.7% and 2.7% respectively in the third quarter. 

Overall in 2017, euro zone GDP rose 2.3%, Eurostat said. This was the fastest rate of growth since a 3% rise in 2007, but lower than a previous estimate of 2.5%. 

Eurostat said its revision was due to the removal of calendar day adjustments. 

The fourth-quarter expansion was on a par with that of the US quarter-on-quarter and above the US year-on-year growth rate of 2.5%.