Euro Area GDP Growth Halts in Q2
Euro Area seasonally adjusted GDP remained stable in the second quarter of 2014, compared with the previous quarter, according to the flash estimate. Strong numbers in Spain and Netherlands were not enough to offset shrinking growth in Germany and Italy and stagnant France.
Among Euro Area member states, Cyprus economy contracted the most (-0.3 percent), followed by Germany and Italy (-0.2 percent respectively). The expansion was reported in Netherlands (0.5 percent), Spain (0.6 percent), Belgium (0.1 percent), Portugal (0.6 percent), Austria (0.2 percent), Estonia (0.5 percent), Slovakia (0.6 percent) and Finland (0.1 percent). The growth stalled in France.
Compared with the same quarter of the previous year, seasonally adjusted GDP grew by 0.7 percent after a 0.9 percent rise at the beginning of the year.
8/14/2014 10:57:40 AM