The Eurozone is growing more than expected, thanks to the drop in oil prices and monetary stimuli from the ECB. This is certified by Eurostat, which in its second estimate revises upwards the data on GDP for the second quarter of 2015 published on 14 August last: the economy of the euro area rises from +0,3% to +0,4%.
The Italian GDP grew by 0,3% compared to the previous quarter (when the change was +0,4%), while the French one remained flat (after +0,7%) and the German one rose by 0,4, 0,3% (after +1%). On the other hand, progress in Spain was 0,9% (after +0,7%) and in the United Kingdom by 0,4% (after +XNUMX%).
On an annual basis, growth in Italy is estimated at 0,7% after +0,2% in the first three months of the year, in France +1% after +0,9%, in Germany +1,6% after +1,1%, in Spain +3,1% after +2,7%, in the United Kingdom +2,6% after +2,9%.
Growth in the second quarter was negative in no country, while in the first quarter it fell into the red only in Estonia. Data from Ireland and Luxembourg are missing from today's forecast.
