Euro Area GDP Growth Slows in Q2

The Eurozone economy advanced only 0.3 percent in the second quarter of 2015, down from a 0.4 percent growth in the previous period and below markets expectations of 0.4 percent growth. German, Italian and Dutch expansion missed expectations while France stagnated.

The GDP growth for region's biggest economies missed economists' expectations. Germany, grew by 0.4 percent, against expectations of 0.5 percent growth. The Italian economy expanded by 0.2 percent, lower than forecasts of 0.3 percent. The Dutch economy grew by 0.1 percent and had been expected to grow by 0.3 percent. France recorded no growth, against expactations of 0.2 percent expansion. Only Spanish economy advanced 1 percent, the fastest pace in more than eight years.

Among smaller member states for which the data is already available: Greece, Estonia and Slovakia grew by 0.8 percent each, Portugal and Belgium by 0.4 percent, Cyprus by 0.5 percent, Latvia by 1.2 percent, Lithuania by 0.6 percent, Austria by 0.1 percent and Belgium by 0.4 percent.

Compared with the same quarter of the previous year, the GDP rose by 1.2% in the euro area after +1.0% in the previous quarter.

Euro Area GDP Growth Slows in Q2

Eurostat |
8/14/2015 10:32:03 AM