Euro Area Economy Grows More Than Expected


The Eurozone GDP advanced 0.3 percent on quarter in the last three months of 2014, faster than a 0.2 percent rise in the previous period. Preliminary estimates showed expanison in Germany and Spain accelerated while France barely grew and Italy stagnated.

Among Euro Area member states, Estonia recorded the highest growth rate (1.1 percent), followed by Germany (0.7 percent), Spain (0.7 percent) and Slovakia (0.6 percent). Portugal and the Netherlands expanded 0.5 percent each, France grew a meager 0.1 percent and Italy showed no growth. Cyprus, Finland and Greece contracted by 0.7 percent, 0.3 percent and 0.2 percent, respectively.

In the European Union, seasonally adjusted GDP rose by 0.4 percent, according to flash estimates published by Eurostat.

Compared with the same quarter of the previous year, the GDP rose by 0.9 percent in the euro area and by 1.3 percent in the EU28 in the fourth quarter of 2014, after +0.8 percent and +1.3 percent respectively in the previous quarter.

Over the whole year 2014, GDP rose by 0.9 percent in the euro area and by 1.4 percent in the EU28.

Euro Area Economy Grows More Than Expected


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
2/13/2015 11:33:40 AM