GDP in the euro area moderated to 0.3% in the second quarter – Financial Journal

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The growth of the euro zone economy has slowed from 0.6% in the first quarter to 0.3% in the second, as has Eurostat confirmed today.

the stagnation of gross domestic product (GDP) of France and Italy and the moderation of the German economy (increased by 0.4%, three tenths less than earlier this year ) have taken its toll on the region of the single currency. Precisely, the German the French economy, and Italy are the three most weight in the euro area.

Meanwhile, in Spain, GDP marked one of the highest rates of the euro, with increase of 0.7% between April and June compared to the first quarter. Of course, this rate is slightly below the marked in the first. Only Slovakia has surpassed him, with an increase of 0.9%, and Cyprus has been matched by an equal 0.7%. In addition, the Dutch economy expanded by 0.6%, in line with the previous three months.

also noticed the stagnation of Austria, compared to 0.6% increase earlier this year . On the positive side, Portugal has maintained a rate of 0.2% and Greece has gone to contract 0.1% to 0.3% growth.

This moderation in the region is in line with the forecasts of economists polled by Reuters.

in the whole European Union, GDP has also put the brake and increased by 0.4%, one tenth less than in the first quarter of according to data from the EU statistical office. The fastest growing of the 28 occurred in Romania (+ 1.5%) and Hungary (+ 1.1%), while in UK GDP growth has accelerated to 0.6% from 0 , 4% in the first three months of 2016.

If the second quarter of 2016 compared to the previous year, GDP grew by 1.6% in the euro area and 1.8 % in the European Union, one tenth less than in the previous three months in both regions. In annual terms, must descata the growth spurt of Spanish GDP, 3.2%

Eurostat, which is based in Luxembourg, has released today its second estimate of GDP but publish a new revision on 6 September.

also the EU statistical office published data on industrial production, which increased by 0.6% in the euro zone in June compared with the previous month, while a 0.5% increase in the whole of the European Union (EU). In May, industrial production was down 1.2% in the area of ​​the common currency and 1.1% in the bloc. On-year, industrial production grew 0.4% in the nineteenth and 0.5% in the Twenty-eight

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