The German economy advanced 0.3 percent, in line with expectations and the same pace as in the previous quarter while France and Italy grew at a slower pace (0.2 percent and 0.1 percent respectively from 0.3 percent and 0.2 percent respectively in Q3).
The Dutch economy accelerated (0.3 percent from 0.1 percent in Q3), Belgium expanded at a faster 0.3 percent (0.2 percent in Q3), Portugal came back to growth (0.2 percent) after stagnating in Q3 and Estonia rebounded (1.2 percent from -0.4 percent). The Spanish economy expanded at a robust 0.8 percent (0.8 percent in Q3) and Lithuania (0.5 percent) and Slovakia (1 percent) were steady. In contrast, Cyprus slowed (0.4 percent from 0.5 percent) while Latvia (0.9 percent in Q3) and Austria (0 percent in Q3) stalled. Greece contracted at a slower 0.6 percent (-1.4 percent in Q3) and Finland shrank 0.1 percent (-0.6 percent in Q3).
Considering the 28 countries, the European Union expanded 0.3 percent, slowing from a 0.4 percent rise in the previous quarter.
Year-on-year, the Euro Area advanced 1.5 percent, slightly lower than 1.6 percent in the third quarter while GDP growth in the European Union eased to 1.8 percent (1.9 percent in Q3).