Preliminary flash estimate for the third quarter 2016 GDP of EU and Euro Area

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Preliminary flash estimate for the third quarter 2016 GDP of EU and Euro Area  

Preliminary flash estimate for the third quarter of 2016 GDP up by 0.3 % in the euro area and by 0.4% in the EU28 +1.6 % and +1.8 % respectively compared with the third quarter of 2015

Seasonally adjusted GDP rose by 0.3% in the euro area (EA19) and by 0.4% in the EU28 during the third quarter of 2016, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the statistical office of the European Union. In the second quarter of 2016, GDP had also grown by 0.3% in the euro area and by 0.4% in the EU28.

Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.6 % in the euro area and by 1.8 % in the EU28 in the third quarter of 2016, after +1.6 % and +1.8 % also in the previous quarter.

Flash estimate – October 2016-Euro area annual inflation up to 0.5%

Euro area annual inflation is expected to be 0.5 % in October 2016, up from 0.4 % in September 2016, according to a flash estimate from Eurostat, the statistical office of the European Union.

Looking at the main components of euro area inflation, services is expected to have the highest annual rate in October (1.1 %, stable compared with September), followed by food, alcohol & tobacco (0.4%, compared with 0.7 % in September), non-energy industrial goods (0.3 %, stable compared with September) and energy (-0.9 %, compared with ‑3.0 % in September).

http://ec.europa.eu/eurostat


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