Share

Eurozone: GDP third quarter only Italy negative with Cyprus and Austria

According to data released by Eurostat, the quarterly GDP of the eurozone recorded an increase of 0,8% on an annual basis. Confirmed +0,2% on the previous quarter – Italy remains the black jersey

Eurozone: GDP third quarter only Italy negative with Cyprus and Austria

The GDP of the Eurozone is growing slightly. Eurostat, in fact, confirmed the estimates for the third quarter, which speak of an increase in GDP of 0,2% in the currency union and 0,3% in the EU compared to the previous quarter (+0,1% and +0,2, 0,8% respectively). Forecasts are also unchanged compared to the previous year: GDP recorded an increase of 1,3% in the Eurozone and 1% in the EU. US GDP, on the other hand, increased by 2,4% compared to the second quarter and by XNUMX% on an annual basis.

Italy, on the other hand, registers a trend in contrast with that of the currency union. The Italian GDP recorded a contraction of 0,1% compared to the second quarter and of 0,5% on an annual basis. The only other countries to have recorded negative growth in the period considered are Austria and Cyprus.

Growth Germany, +0,1% compared to the second quarter of 2014 after -0,1% in the second (+1,2% compared to the third quarter of 2015), France, +0,3% after -0,1% (+ 0,4% compared to the previous year) and Spain, +0,5% after +0,5% (+1,6% compared to the previous year).

comments