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Market news

14 February 2020

Eurozone GDP up by 0.1% during the fourth quarter of 2019 - Eurostat

According to a flash estimate published by Eurostat, seasonally adjusted GDP rose by 0.1% in both the euro area (EA19) and the EU27 during the fourth quarter of 2019, compared with the previous quarter. In the third quarter of 2019, GDP had grown by 0.3% in both zones.

Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 0.9% in the euro area and by 1.2% in the EU27 in the fourth quarter of 2019, after +1.2% and +1.5% respectively in the previous quarter. Economists had expected a 1.0% increase in the euro area.

During the fourth quarter of 2019, GDP in the United States increased by 0.5% compared with the previous quarter (after +0.5% also in the third quarter of 2019). Compared with the same quarter of the previous year, GDP grew by 2.3% (after +2.1% in the previous quarter).

According to an estimation of annual growth for 2019, based on quarterly data, GDP grew by 1.2% in the euro area and 1.4% in the EU27.

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