Eurostat: GDP up 0.2% in EU and euro area
Eurostat, the European statistics office, has published its latest flash estimate on GDP for the fourth quarter of 2018. According to Eurostat, seasonally adjusted GDP rose by 0.2% in both the euro area (EA19) and the EU28 during the fourth quarter of 2018, compared with the previous quarter. The growth rate had been the same in the third quarter of 2018 for the euro area, and 0.3% in the EU28.
Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.2% in the euro area and by 1.4% in the EU28 in the fourth quarter of 2018, after +1.6% and +1.8% respectively in the third quarter. Over the whole year 2018, GDP rose by 1.8% in the euro area and by 1.9% in the EU28. The annual growth rate for 2017 was +2.4% for both the euro area and the EU28.
Out of the EU Member States for which data are available, the countries with the highest growth rates in the fourth quarter of 2018 were Lithuania (1.6%), Cyprus, Latvia and Hungary (all 1.1%) . The country with the lowest rate was Italy at minus 0.2%. Austria's GDP growth rate was the same as the EU average (0.2%).
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