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13 Nov 2015

Eurostat: GDP rises by 0.3% in euro area and 0.4% in EU28 in third quarter of 2015

Eurostat, the statistical office of the EU, has announced that seasonally adjusted GDP rose by 0.3% in the euro area and by 0.4% in the EU28 during the third quarter of 2015, compared with the previous quarter, according to Eurostat flash estimates. In the second quarter of 2015, GDP growth had amounted to 0.4% in both areas.

Compared with the third quarter of the previous year, seasonally adjusted GDP rose by 1.6% in the euro area and by 1.9% in the EU28 in the third quarter of 2015 (+1.5% and +1.9% respectively in the previous quarter).

According to Eurostat, Austria's GDP growth is below the euro area average at 0.1% compared to the previous quarter, on a par with the Netherlands (0.1%), and 0.8% compared to the same quarter of the previous year, similar to Italy (0.9%). The countries with the highest growth rate compared to the previous quarter are Romania at 1.4%, followed by Slovakia and Poland (0.9%). The lowest growth rates are found in Finland (-0.6%), Greece and Estonia (-0.5%). Compared to the same quarter of the previous year, GDP growth is highest in the Czech Republic (4.3%), followed by Romania and Poland (3.6%), and lowest in Finland (-0.7%), Greece (-0.4%) and Estonia (+0.5%).

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