Eurostat: GDP up by 0.7% in EU28
Eurostat, the European statistics office, has published its GDP and main aggregates estimate for the second quarter of 2017, according to which GDP has increased by +0.7% in the EU28, and by +0.6% in the euro area, compared with the previous quarter. In the first quarter of 2017, growth had been +0.5% in both areas. Compared with the second quarter of 2016, the current increase amounts to +2.4% for the EU 28 and +2.3% for the euro area.
The Czech Republic has the highest increase for the second quarter of 2017 compared with the previous quarter (+2.5%), followed by Sweden (+1.7%), Romania (+1.6%) and the Netherlands (+1.5%). The lowest growth was recorded for Portugal and the United Kingdom (both +0.3%). Austria ranks 10th with a GDP growth of +0.9% (no data are available for Ireland, Malta and Luxembourg).
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