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Eurostatistics: DATA FOR SHORT-TERM ECONOMIC ANALYSIS

Eurostatistics/DATA FOR SHORT-TERM ECONOMIC ANALYSIS/04-2018

 

The annual GDP growth rate of the euro area was 2.7% in Q4 2017, stable compared to Q3. The ESI (Economic Sentiment Indicator) declined for a third month in a row reaching 112.6 in March 2018 (–1.6 points).

European Union and euro area: Annual GDP growth stable in Q4 2017 in the euro area The annual GDP growth rate of the euro area was 2.7% in Q4 2017, stable compared to Q3. The ESI (Economic Sentiment Indicator) declined for a third month in a row reaching 112.6 in March 2018 (–1.6 points). The decline concerned the five largest economies in the euro area and reflected drops in industry,
services and retail trade. The euro area annual inflation rate grew to 1.4% in March 2018, up from 1.2% in February 2018. ‘Processed food, alcohol and tobacco’ remained the component with the highest annual inflation rate, at 3.0% in March 2018 and up from 2.3% in February 2018. Energy inflation slightly declined to 2.0% in March 2018 from 2.1% in February. As concerns the EU, annual GDP growth fell to 2.6% in Q4 2017, slightly down from 2.7% in Q3.

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