Friday, November 13, 2009

EU and Eurozone out of recession in Q3

According to flash estimates of the Eurostat re the third quarter of 2009

Q3 2009 compared to Q2 2009
Eurozone: GDP increased by 0.4%
EU: GDP increased by 0.2%
In Q2 2009, growth rates were -0.2% in the Eurozone and -0.3% in the EU.

Q3 2009 compared to Q3 2008:
Eurozone: seasonally adjusted GDP decreased by 4.1% (was -4.8% in Q2 2009 vs. Q2 2008)
EU: seasonally adjusted GDP decreased by 4.3% (was -4.9% in Q2 2009 vs. Q2 2008)

These are flash estimates by Eurostat and are subject to revision with the two regular estimates of GDP for Q3 of 2009 scheduled for 3 December 2009 and 8 January 2010.

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