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Second quarter of 2011 Euro area GDP GDP up by 0.2% +1.6% compared with the second quarter of 2010

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GDP increased by 0.2% in both the euro area and the EU during the second quarter of 2011, compared with the previous quarter. In the first quarter of 2011, growth rates were +0.8% in the euro area and +0.7% in the EU27.<br/><br/>

Compared with the second quarter of 2010, seasonally adjusted GDP increased by 1.6% in the euro area and by 1.7% in the EU27, after +2.4% in both zones in the previous quarter.

During the second quarter of 2011, household final consumption expenditure decreased by 0.2% in the euro area and by 0.1% in the EU27 (after +0.2% and 0.0% respectively in the previous quarter). Gross fixed capital formation increased by 0.2% in the euro area and by 0.4% in the EU27 (after +1.8% and +1.2%). Exports grew by 1.0% in the euro area and by 0.6% in the EU27 (after +2.0% and +2.2%). Imports rose by 0.5% in the euro area and by 0.4% in the EU27 (after +1.5% and +1.4%).

US GDP increased while Japanese GDP decreased

In the United States GDP increased by 0.2% during the second quarter of 2011, after +0.1% in the first quarter of 2011. In Japan GDP fell by 0.3% in the second quarter of 2011, after -0.9% in the previous quarter.

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