Official figures show that strong growth in Germany helped the eurozone economy grow faster than expected in the final three months of 2014.

Eurostat, the EU's statistics agency, says economic output across the 18 eurozone countries was 0.3 percent higher in the fourth quarter than the previous three-month period.

That's marginally higher than the 0.2 percent increased anticipated in the markets and echoes other findings that the eurozone economy is picking up steam amid lower oil prices and a weaker euro.

Germany was the standout performer, growing by a quarterly rate of 0.7 percent. France lagged, growing by only 0.1 percent.

Spain also did particularly well, growing by 0.7 percent, but Greece's economy faltered — declining by 0.2 percent — following three straight quarters of growth.