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- Eurozone GDP up by 0.2% during the third quarter, as expected
Eurozone GDP up by 0.2% during the third quarter, as expected
According to an estimate published by Eurostat, seasonally adjusted GDP rose by 0.2% in the euro area (EA19) and by 0.3% in the EU28 during the third quarter of 2019, compared with the previous quarter. In the second quarter of 2019, GDP had grown by 0.2% in both zones.
Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.2% in the euro area and by 1.4% in the EU28 in the third quarter of 2019, after also +1.2% and +1.4% respectively in the previous quarter.
During the third quarter of 2019, household final consumption expenditure rose by 0.5% in both the euro area and in the EU28 (after +0.2% and +0.3% respectively in the previous quarter). Gross fixed capital formation increased by 0.3% in both zones (after +5.7% and +4.3% respectively). Exports increased by 0.4% in the euro area and 1.0% in the EU28 (after +0.2% and -0.5% respectively). Imports increased by 0.6% in the euro area and by 0.7% in the EU28 (after +2.8% and +0.5% respectively). Household final consumption expenditure had a positive contribution to GDP growth in both the euro area and the EU28 (both +0.3 percentage points – pp) and the contribution from gross fixed capital formation was also positive (+0.1 pp in both zones).
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