GDP in third quarter up by 0.3 % in the Euro Area and by 0.4 % in the EU28

GDP in third quarter up by 0.3 % in the Euro Area and by 0.4 % in the EU28

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 flash estimate published by Eurostat, the statistical office of the European Union. In the second quarter of 2016, GDP also grew by 0.3 % and 0.4 % respectively

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 % respectively in the previous quarter.

During the third quarter of 2016, GDP in the United States increased by 0.7 % compared with the previous quarter (after +0.4 % in the second quarter of 2016). Compared with the same quarter of the previous year, GDP grew by 1.5 % (after +1.3 % in the previous quarter).

GDP

The euro area (EA19) includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

The European Union (EU28) includes Belgium, Bulgaria, the Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and the United Kingdom.

GDP 2

A preliminary flash estimate of GDP growth was published on October 31, 2016. This was based on a more limited data set than the one used for the present News Release and, additionally, on preliminary flash estimates for some Member States, which have now been revised.

The published GDP growth rates for the third quarter of 2016 compared with the previous quarter, which had been estimated at +0.3 % for the euro area and at +0.4 % for the EU28, remain unchanged for both zones in the present release. Compared with the third quarter of 2015, GDP growth, which had been estimated at +1.6 % for the euro area and +1.8 % for the EU28 also remains unchanged for both zones.

http://ec.europa.eu/eurostat/


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