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

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Staff Writer | December 6, 2016
Seasonally adjusted GDP
Europe   GDP in the United States increased by 0.8%

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.

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 1.7% in the euro area and by 1.9% in the EU28 in the third quarter of 2016, after also +1.7% and +1.9% respectively in the previous quarter.

During the third quarter of 2016, GDP in the United States increased by 0.8% 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 1.6% (after +1.3% in the previous quarter).

Among Member States for which data are available for the third quarter of 2016, Croatia (+1.7%), Slovenia (+1.0%), Greece and Portugal (both +0.8%) recorded the highest growth compared with the previous quarter, while Lithuania recorded the lowest growth (+0.1%).

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