Eurozone fourth-quarter growth was revised higher for its second estimate, published on Wednesday, in an across-the-board set of gains for countries within the single-currency bloc.
The data showed that eurozone gross domestic product rose at an annual rate of 2.7% in the final three months of 2017, revised up from a previous estimate of 2.6%.
Eurostat figures showed that all countries within the 19-nation bloc made positive contributions to the rise, with Spain posting a 3.1% growth rate, France 2.4%, Germany 2.9%, Austria 3.6% and Finland 3.9%.
Eurozone's economic growth compares strongly with its main rivals, with annual growth rates in the US and UK at 2.5% and 1.5% respectively.
"With both the US and eurozone growing in tandem and with Asian economies on a roll, the hope is that 2018 delivers greater confidence and economic stability for the first time in a decade," said Jacob Deppe, head of trading at Infinox.
Given the similar levels of growth in both the US and eurozone, the big question for investors to consider in the coming months, is how long can the European Central Bank hold back from monetary policy normalisation?
"There has been no indication from the ECB that it has any intention of changing monetary policy at all this year, and unless stronger economic growth feeds in to higher inflation, that is likely to remain the case," Deppe added.
The euro traded a little higher on Wednesday following the data, and was up 0.05% to $1.2353 against the dollar and gained 0.16% to £0.8906 versus the pound.