The European Union (EU) reported economic growth of 0.4% in the second quarter of 2016 compared to the previous quarter and 1.8% over the same period of 2015; and in both cases one tenth below the January-March period of this year, according to data released Tuesday by the statistics office Eurostat.
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Meanwhile, in the euro area, the GDP (GDP) increased 0.3% Domestic Product from the first quarter, two tenths less than the result recorded between January and March. On-year comparison, the increase was 1.6%, after an increase of 1.7% in the first quarter.
the statistical office also reported that exports of both the EU and the euro area increased 1.1%, after remaining stagnant in the first quarter.
and imports rose 0.6 and 0.4% in the whole bloc and the euro, respectively, after an increase of 0.1% in the 28 Member States and a contraction of 0.1% in the partners of monetary union.
Meanwhile, the two largest economies of the euro area showed results below the previous quarter: Germany rose 0.4%, while France reported zero growth, after both reported increases of 0.7% in the first quarter of the year.
Among the countries with available data, the most advanced on a quarterly basis were Romania (+ 1.5%), Hungary (+ 1%) and the Czech Republic, Poland and Slovakia (+0.9 % each).
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