Eurozone GDP grew by 0.5%

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Wednesday, May 03 2017

Eurozone GDP grew by 0.5%

Seasonally adjusted GDP rose by 0.5% in the euro area (EA19) and by 0.4% in the EU28 during the first quarter of 2017, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the statistical office of the European Union.

In the fourth quarter of 2016, GDP had grown by 0.5% in the euro area and by 0.6% in the EU28. 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 first quarter of 2017, after +1.8% and +1.9% in the previous quarter.

More in this category: « UK Construction PMI up to 53.1 Private sector employment rose by 177,000, ADP report shows »

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