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GDP up by 0.3% in euro area and by 0.4% in EU28

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Staff Writer | November 16, 2016
Seasonally adjusted GDP rose by 0.3% in the euro area (EA19) and by 0.4% in the EU28 during the third quarter of 2016, compared with the previous quarter, according to Eurostat.
Seasonally adjusted GDP
Europe   Intra-euro area trade remained nearly stable
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In the second quarter of 2016, GDP also grew by 0.3% and 0.4% respectively.

Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.6% in the euro area and by 1.8% in the EU28 in the third quarter of 2016, after +1.6% and +1.8% respectively in the previous quarter.

During the third quarter of 2016, GDP in the United States increased by 0.7% compared with the previous quarter (after +0.4% in the second quarter of 2016). Compared with the same quarter of the previous year, GDP grew by 1.5% (after +1.3% in the previous quarter).

The first estimate for euro area (EA19) exports of goods to the rest of the world in September 2016 was €176.7 billion, an increase of 2% compared with September 2015 (€173.2 bn).

Imports from the rest of the world stood at €150.2 bn, a fall of 2% compared with September 2015 (€154.0 bn).

As a result, the euro area recorded a €26.5 bn surplus in trade in goods with the rest of the world in September 2016, compared with +€19.2 bn in September 2015.

Intra-euro area trade remained nearly stable at €148.3 bn in September 2016, compared with September 2015.

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