Eurozone Q1 GDP Growth Confirmed at 0.4%


The Eurozone's gross domestic product grew by 0.4 percent on quarter in the three months to March 2018, unrevised from the preliminary estimate and 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 (0.3 percent vs 0.6 percent in Q4), France (0.3 percent vs 0.7 percent), the Netherlands (0.5 percent vs 0.7 percent), Austria (0.7 percent vs 0.9 percent), Belgium (0.4 percent vs 0.5 percent), Portugal (0.4 percent vs 0.7 percent), Lithuania (0.8 percent vs 1.4 percent) and Cyprus (0.8 percent vs 1.1 percent). Meanwhile, GDP growth was unchanged in Italy (at 0.3 percent), Spain (at 0.7 percent) and Slovakia (at 0.9 percent); and picked up in Finland (1.1 percent vs 0.7 percent) and Latvia (1.7 percent vs 0.4 percent).

Compared with the same quarter of the previous year, the Eurozone economy expanded 2.5 percent, unrevised from the preliminary estimate and below 2.8 percent in the previous period.

Considering the European Union, the GDP growth eased to 0.4 percent quarter-on-quarter (vs 0.6 percent in Q4) and to 2.4 percent year-on-year (vs 2.7 percent in Q4). 

Eurozone Q1 GDP Growth Confirmed at 0.4%


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
5/15/2018 9:13:04 AM