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22 Aug 2017

EU and euro area GDP rises by 0.6% in second quarter of 2017

According to a flash estimate by Eurostat, the European statistical office, seasonally adjusted GDP rose by 0.6% in both the euro area (EA19) and the EU28 during the second quarter of 2017, compared with the previous quarter. By comparison, GDP grew by 0.5% in both zones in the first quarter of 2017. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 2.2% in the euro area and by 2.3% in the EU28 in the second quarter of 2017, after +1.9% and +2.1% respectively in the previous quarter.

The largest increase compared to the previous quarter was recorded for the Czech Republic (2.3%), followed by Latvia (1.3%), the smallest increase for Portugal (0.2%) and the United Kingdom (0.3%). Austria's increase was slightly above the EU average, at 0.9%. For Estonia, Ireland, Greece, Croatia, Luxembourg, Malta and Slovenia, no data were available.

For more information:

Eurostat - press release

 

 

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