Euro Area GDP Beats Expectations


Euro Area GDP advanced 0.3 percent in the last quarter of 2013, according to flash estimates, as France, Germany, the Netherlands and Portugal showed better-than-expected growth rates and the Italian economy returned to growth.

Among the euro area member-states, the Netherlands GDP rose the most (0.7 percent), followed by Portugal (0.5 percent), Germany and Belgium (0.4 percent each). Cyprus and Finland contracted the most (-1.0 percent and -0.8 percent, respectively).

In the EU 28, the GDP advanced 0.4 percent in the last three months of 2013.

Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 0.5 percent in the euro area and by 1.0 percent in the EU 28 in the fourth quarter of 2013, after -0.3 percent and +0.2 percent respectively in the previous quarter. 

Over the whole year 2013, the GDP fell by 0.4 percent in the euro area and rose by 0.1 percent in the EU28.  

Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
2/14/2014 10:23:47 AM