Euro Area GDP Growth in Line With Estimates at 0.3%


The Eurozone economy expanded 0.3 percent on quarter in the three months to September of 2016, the same as in the previous period and in line with preliminary figures, the second estimate showed. GDP growth slowed in most countries including Germany and Spain but picked up in France and Italy.

Among countries for which data is already available, GDP growth slowed in Germany (0.2 percent compared to 0.4 percent in Q2), Belgium (0.2 percent compared to 0.5 percent in Q2), Estonia (0.2 percent compared to 0.5 percent), Spain (0.7 percent compared to 0.8 percent), Cyprus (0.7 percent compared to 0.8 percent), Latvia (0.5 percent compared to 0.6 percent), Lithuania (0.1 percent compared to 0.4 percent) and Slovakia (0.7 percent compared to 0.9 percent). 

In contrast, economic growth accelerated in France (0.2 percent compared to -0.1 percent), Italy (0.3 percent compared to 0.0 percent), Greece (0.5 percent compared to 0.3 percent), Austria (0.5 percent compared to 0.1 percent), Portugal (0.8 percent compared to 0.3 percent), Finland (0.5 percent compared to 0.0 percent) and in Netherlands, GDP growth was steady at 0.7 percent. 

Year-on-year, the Euro Area economy expanded 1.6 percent, the same as in the previous period and also in line with earlier estimates.

Considering the European Union, the GDP growth was steady at 0.4 percent quarter-on-quarter and at 1.8 percent year-on-year. 

Euro Area GDP Growth in Line With Estimates at 0.3%


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
11/15/2016 10:24:43 AM