GDP up by 0.6% in both euro area and EU28

GDP up by 0.6% in both euro area and EU28

GDP up by 0.6% in both euro area and EU28

The FINANCIAL -- Seasonally adjusted GDP rose by 0.6% in both the euro area (EA19) and the EU28 during the fourth quarter of 2017, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union.

In the third quarter of 2017, GDP grew by 0.7% in both zones.

Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 2.7% in the euro area and by 2.6% in the EU28 in the fourth quarter of 2017, after +2.8% in both zones in the previous quarter.

During the fourth quarter of 2017, GDP in the United States increased by 0.6% compared with the previous quarter (after +0.8% in the third quarter of 2017). Compared with the same quarter of the previous year, GDP grew by 2.5% (after +2.3% in the previous quarter).

Over the whole year 2017, GDP grew by 2.5% in both zones.