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GDP up by 0.3% in the euro area, stable in the EU: Eurostat

In Italy (-0.3%), Latvia (-0.6%), in Austria (-0.4%)

31 July, 11:44

(ANSA) - BELGRADE, JUL 31 - Seasonally adjusted GDP increased by 0.3% in the eurozone and remained stable in the EU in the second quarter of 2023, according to a preliminary flash estimate published by Eurostat, the European Union's statistical office. GDP in the eurozone remained stable in the first quarter of 2023, while it increased by 0.2% in the EU.
    Ireland (+3.3%) had the highest increase compared to the previous quarter among the Member States for which data are available for the second quarter of 2023, followed by Lithuania (+2.8%). Sweden (-1.5%), Latvia (-0.6%), Austria (-0.4%), and Italy (-0.3%) all experienced declines. Growth rates were positive in seven countries when compared to the same quarter the previous year, with Ireland (+2.8%), Portugal (+2.3%), and Spain (+1.8%) recording the highest values. Sweden (-2.4%), Czechia (-0.6%), and Latvia (-0.5%) experienced the greatest declines. (ANSA).
   

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