Euro area GDP down by 0.2% and EU27 down by 0.1%

EU News 238/2013

STAT/13/74
15 May 2013

GDP fell by 0.2% in the euro area1 (EA17) and by 0.1% in the EU271 during the first quarter of 2013, compared with the previous quarter, according to flash estimates2 published by Eurostat, the statistical office of the European Union. In the fourth quarter of 2012, growth rates were -0.6% and -0.5% respectively.

Compared with the same quarter of the previous year, seasonally adjusted GDP fell by 1.0% in the euro area and by 0.7% in the EU27 in the first quarter of 2013, after -0.9% and -0.6% respectively in the previous quarter.

Source and additional information:
http://europa.eu/rapid/press-release_STAT-13-74_en.htm?locale=en

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