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GDP up by 0.4% in both euro area and EU; +2.5% and +2.4% respectively compared with the first quarter of 2017

Seasonally adjusted GDP rose by 0.4% in both the euro area and the EU during the first quarter of 2018, compared with the previous quarter, according to an estimate published by Eurostat, the EU statistical office.

date:  11/06/2018

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Seasonally adjusted GDP rose by 0.4% in both the euro area and the EU during the first quarter of 2018, compared with the previous quarter, according to an estimate published by Eurostat, the EU statistical office. In the fourth quarter of 2017, GDP had grown by 0.7% in both zones. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 2.5% in the euro area and by 2.4% in the EU in the first quarter of 2018, after +2.8% and +2.7% respectively in the previous quarter. Among Member States for which data are available for the first quarter of 2018, Latvia and Poland (both +1.6%) recorded the highest growth compared with the previous quarter, followed by Hungary and Finland (both +1.2%). Slightly negative growth was observed in Estonia (-0.1%) while GDP in Romania was stable.