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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Nick

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