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GDP up by 0.4 percent in euro area

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Staff Writer | March 8, 2017
Italy street
Europe   Seasonally adjusted GDP

Seasonally adjusted GDP rose by 0.4% in the euro area (EA19) and by 0.5% in the EU28 during the fourth quarter of 2016, compared with the previous quarter, according to Eurostat.

In the third quarter of 2016, GDP grew by 0.4% in both zones. 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 fourth quarter of 2016, after +1.8% and +1.9% respectively in the previous quarter.

During the fourth quarter of 2016, GDP in the United States increased by 0.5% compared with the previous quarter (after +0.9% in the third quarter of 2016).

Compared with the same quarter of the previous year, GDP grew by 1.9% (after +1.7% in the previous quarter).

Over the whole year 2016, GDP rose by 1.7% in the euro area and by 1.9% in the EU28, compared with 2.0% and 2.2% respectively in 2015.

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