March 9, 2021

GDP grows 0.2% in the eurozone and the EU in the second quarter of the year

The eurozone economy advanced 0.2% in the second quarter of the year compared to the first, the same pace of growth that the European Union as a whole recorded, according to the first preliminary estimate released today by the Eurostat community statistics office.

In the first quarter of the year, GDP had increased 0.4% in the eurozone and 0.5% in the whole of the Twenty-Eight.

In year-on-year terms, the economy advanced 1.1% in the nineteen countries that share the single currency and 1.3% in the EU compared to the second quarter of 2018, while between April and June of this year it grew 1, 2% in the eurozone and 1.6% among the Twenty-eight compared to the same period of the previous year.

This first preliminary estimate does not review the GDP data of the eurozone and the EU in the preceding quarters, the statistical office recalled.

Eurostat will present the revised and country data on August 14 and the final GDP figures and their main aggregates foreseeably on March 6.

. (tagsToTranslate) GDP (t) eurozone (t) EU (t) second (t) quarter

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