Eurostat/ GDP up by 0.4% in the euro area and by 0.5% in the EU28/ 7 March 2017
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 an estimate published by Eurostat, the statistical office of the European Union. 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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