The eurozone posted strong industrial production figures for December, while growth data confirmed that the bloc's economy enjoyed its fastest growth rate in a decade past year - in sharp contrast to the situation in the UK.
Elsewhere, the Japanese economy continues to look healthy after two years of uninterrupted growth, even though growth slowed to 0.1 percent in the fourth quarter amid weaker public demand.
The Eurozone economy has enjoyed a remarkable turnaround over the past year, with a stronger global economy helping the bloc to an impressive performance during 2017.More news: Barnaby Joyce digs in while Nationals debate forcing him out
Portugal grew by 2.7 per cent in 2017, less than four years after exiting a bailout, as a jump in exports helped it to pick up steam in the final quarter.
Overall in 2017, the eurozone grew by 2.5%, Eurostat said, the fastest growth rate since a 3% rise in 2007. The rate came in line with the preliminary flash estimate published on January 30. France's GDP increased by 0.6 per cent and 2.4 per cent respectively, and Spain expanded by 0.7 and 3.1 per cent respectively.
Q4 growth in Germany was 0.6%, France expanded 0.6% and Spain grew 0.7%.More news: White House Banned New Interim Security Clearances Last Fall
The strength of the recovery has prompted the European Central Bank (ECB) to seriously consider withdrawing some of the stimulus it has provided since the financial crisis. Today's figures confirm that previous year saw the strongest growth in a decade.
Investec economist Ryan Djajasaputra said much of the growth a year ago had been driven by the eurozone's core four economies: Germany, France, Italy and Spain. GDP increased 0.7 percent in Portugal.
"Going into this year there are reasons to expect growth to broaden", said Jennifer McKeown, chief European economist at Capital Economics Ltd.in London.More news: Microsoft might not fix Skype vulnerability in the immediate future
The 19 countries which share the euro saw industrial production expand by 0.4 per cent in December from the previous month, taking the year-on-year gain to 5.2 per cent. Industrial production rose 0.4% from November, when it climbed 1.3%.