Eurozone Q4 GDP Growth Confirmed at 0.6%


The Eurozone's gross domestic product grew by 0.6 percent on quarter in the three months to December of 2017, unrevised from the preliminary estimate and slightly below 0.7 percent in the previous period.

Among countries for which data is already available, the GDP expanded at a softer pace in Germany (0.6 percent vs 0.7 percent in Q3), Italy (0.3 percent vs 0.4 percent), Spain (0.7 percent vs 0.8 percent), Austria (0.7 percent vs 0.8 percent) and Latvia (0.3 percent vs 1.5 percent). Meanwhile, GDP growth picked up in France (0.6 percent vs 0.5 percent), the Netherlands (0.8 percent vs 0.4 percent), Finland (1.1 percent vs 0.5 percent), Belgium (0.5 percent vs 0.2 percent), Portugal (0.7 percent vs 0.5 percent), Slovakia (0.9 percent vs 0.8 percent), Lithuania (1.5 percent vs 0.4 percent) and Cyprus (1.1 percent vs 0.9 percent).

Compared with the same quarter of the previous year, the Eurozone economy expanded 2.7 percent, unrevised from the preliminary estimate and slightly below 2.8 percent in the previous period.

Over the whole year 2017, GDP growth was confirmed at 2.5 percent, compared with 1.8 percent in 2016. It was the strongest pace of expansion since 2007.

Considering the European Union, the GDP growth eased to 0.6 percent quarter-on-quarter (vs 0.7 percent in Q3) and to 2.6 percent year-on-year (vs 2.8 percent in Q3). For 2017 full year, the economy expanded by 2.5 percent (vs 2 percent in 2016), its best performance in a decade.

Eurozone Q4 GDP Growth Confirmed at 0.6%


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
2/14/2018 10:19:48 AM