Eurostat: GDP increases by 0.6% in euro area and EU28
Eurostat, the European statistics office, has announced that the Gross Domestic Product (GPD) of both the euro area and the EU28 has increased by 0.6% during the first quarter of 2017, compared with the previous quarter. When compared with the first quarter of 2016, the GDP rise amounted to +1.9% in the euro area, and +2.1% in the EU28 respectively.
Among Member States for which data are available for the first quarter of 2017, the highest GPD growth was recorded in Romania (+1.7%), Latvia (+1.6%), Slovenia (+1.5%) and Lithuania (+1.4%) compared with the previous quarter, while the United Kingdom (+0.2%) recorded the lowest growth. Austria's GDP growth corresponds to the euro area and EU28 average of 0.6%.
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