Eurozone GDP Growth Confirmed at 0.6%

The Euro Area economy advanced 0.6 percent on quarter in the third quarter of 2017, below 0.7 percent in the previous period and in line with the first estimate.

Among countries for which data is already available, the GDP expanded at a softer pace in France (0.5 percent from 0.6 percent in Q2); Spain (0.8 percent from 0.9 percent); the Netherlands (0.4 percent from 1.5 percent); Belgium (0.3 percent from 0.5 percent); Lithuania (0.1 percent from 0.6 percent); Cyprus (0.9 percent from 1 percent) and Slovakia (0.8 percent from 0.9 percent). Meanwhile, GDP growth was unchanged in Austria (at 0.8 percent). On the other hand, faster expansion was reported in Germany (0.8 percent from 0.6 percent), Italy (0.5 percent from 0.3 percent), Latvia (1.5 percent from 1.4 percent), Portugal (0.5 percent from 0.3 percent) and Finland (1.1 percent from 0.5 percent). 

Year-on-year, the Euro Area economy expanded 2.5 percent, following a 2.3 percent growth in the previous period and also matching the previous figure. It is the strongest growth rate since the first quarter of 2011. 

Considering the European Union, the GDP growth eased to 0.6 percent quarter-on-quarter (0.7 percent in Q2), but accelerated to 2.5 percent year-on-year (2.4 percent in Q2). 

Eurozone GDP Growth Confirmed at 0.6%

Eurostat | Joana Taborda |
11/14/2017 10:48:01 AM