Eurozone Q4 GDP Growth Revised Down To 0.4%


The Eurozone economy advanced 0.4 percent on quarter in the three months to December of 2016, the same pace as in the previous period and worse than a preliminary reading of a 0.5 percent expansion, the second estimate showed. Among countries for which data is already available, GDP growth picked up in Germany and France; was unchanged in Spain; and slowed in Italy.

Among countries for which data is already available, GDP expanded at a faster pace in: Germany (0.4 percent from 0.1 percent in Q3); France (0.4 percent from 0.2 percent); Austria (0.6 percent from 0.5 percent); Belgium (0.4 percent from 0.2 percent); Latvia (0.8 percent from 0.3 percent); Lithuania (1.3 percent from 0.4 percent); and Slovakia (0.8 percent from 0.7 percent). Meanwhile GDP growth was unchanged in Spain (at 0.7 percent) and slowed in: Italy (0.2 percent from 0.3 percent in Q3); Cyprus (0.5 percent from 0.8 percent); the Netherlands (0.5 percent from 0.8 percent); and Portugal (0.6 percent from 0.8 percent).

By contrast, the Greek economy contracted 0.4 percent and the Finnish GDP fell 0.5 percent.

Compared with the same quarter of the previous year, the Euro Area economy expanded 1.7 percent, down from 1.8 percent in the previous period and worse a preliminary reading of 1.8 percent growth. 

Considering the European Union, the GDP growth was revised down to 0.5 percent quarter-on-quarter compared with a preliminary figure of 0.6 percent; and to 1.8 percent year-on-year after a flash estimate of 1.9 percent. 

Eurozone Q4 GDP Growth Revised Down To 0.4%


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
2/14/2017 10:26:06 AM