Eurostat: GDP up by 0.4% in EU-28
Eurostat, the European Statistics Office, has published its GDP estimates for the 4th quarter of 2015, which show that GDP has risen by 0.3% in the euro area and 0.4% in the EU-28, compared to the previous quarter, the same increase as in the third quarter of 2015 compared to the second.
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 fourth quarter of 2015 (+1.6% and +1.9% respectively in the previous quarter). Over the whole year 2015, GDP rose by 1.6% in the euro area and by 1.9% in the EU28, compared with 0.9% and 1.4% respectively in 2014.
The highest growth rates in the fourth quarter of 2015 compared with the previous quarter were registered for Sweden (+1.3%), Estonia (+1.2%), Poland and Romania (both +1.1%), Hungary and Slovakia (both +1.0%). Austria's GDP growth rate was at 0.2% during that period. Decreases were registered in Croatia (-0.5%) and Latvia (-0.3%).
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