Thursday, December 3, 2009

Q3 GDP in the Eurozone and the EU

According to first estimates released today by Eurostat, the Statistical Office of the European Communities, in the third quarter (Q3) GDP increased by 0.4% in the Eurozone and by 0.3% in the EU when compared with the previous quarter. In Q2 of 2009, growth rates were -0.2% in the Eurozone and -0.3% in the EU (compared with Q1 2009).

When compared with Q3 of 2008, seasonally adjusted GDP declined by 4.1% in the Eurozone and by 4.3% in the EU (the figures were -4.8% for the Eurozone and -5.0% for the EU for Q2 2009 compared with Q2 2008).

Components of the Q3 2009 GDP

Household final consumption expenditure decreased by 0.2% in both the Eurozone and the EU27 (after 0.0% and -0.1% respectively in Q2 2009).

Investments fell by 0.4% in the Eurozone and by 0.5% in the EU (after -1.7% and -2.5%).

Exports increased by 2.9% in the Eurozone and by 2.4% in the EU (after -1.3% and -1.4%).

Imports increased by 2.6% in the Eurozone and by 2.4% in the EU (after -2.9% in both zones).

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