Eurozone GDP Grows 0.6% in Q4

The Eurozone economy advanced 0.6 percent on quarter in the three months to December of 2017, in line with market expectations and following an upwardly revised 0.7 percent expansion in the previous period, the preliminary flash estimate showed.

Among countries for which data is already available, Spain's GDP growth slowed to 0.7 percent from 0.8 percent in the previous period. Meanwhile, GDP expanded at a faster pace in France (0.6 percent from 0.5 percent in Q3), Belgium (0.5 percent from 0.2 percent) and Lithuania (1.5 percent from 0.4 percent). Germany, the biggest economy in the Euro Area, is expected to release preliminary GDP estimates in two weeks.

Compared with the same quarter of the previous year, the Euro Area economy expanded 2.7 percent, following a 2.8 percent growth in the previous period and matching market consensus.

Over the whole year 2017, GDP grew by 2.5 percent, its best performance in a decade.

Considering the European Union, the GDP growth eased to 0.6 percent quarter-on-quarter (0.7 percent in Q3) and to 2.6 percent year-on-year (2.8 percent in Q3). For 2017 full year, the economy expanded by 2.5 percent.

Eurozone GDP Grows 0.6% in Q4

Eurostat | Joana Ferreira |
1/30/2018 10:21:21 AM