GDP rose by 0.3% in euro area, 0.4% in EU in Q4 from Q3, according to Eurostat flash estimates; year-over-year, GDP was up 0.5% in euro area, 1% in EU
February 14, 2014
– GDP rose by 0.3% in the euro area1 (EA17) and by 0.4% in the EU281 during the fourth quarter of 2013, compared with the previous quarter, according to flash estimates2 published by Eurostat, the statistical office of the European Union. In the third quarter of 2013, GDP grew by 0.1% in the euro area and by 0.3% in the EU28.
Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 0.5% in the euro area and by 1.0% in the EU28 in the fourth quarter of 2013, after -0.3% and +0.2% respectively in the previous quarter.
During the fourth quarter of 2013, GDP in the United States grew by 0.8% compared with the previous quarter (after +1.0% in the third quarter of 2013). Compared with the same quarter of the previous year, GDP rose by 2.7% (after +2.0% in the previous quarter).
Over the whole year 20133, GDP fell by 0.4% in the euro area and rose by 0.1% in the EU28.