News

Eurozone GDP Contraction Revised, Largest on Record
The Eurozone economy shrank by 3.6 percent on quarter in the first three months of 2020, compared with preliminary estimates of a 3.8 percent contraction and the previous period's 0.1 percent growth. It was still the steepest contraction on record as a coronavirus lockdown from mid-March forced non-essential businesses to close and consumers to stay at home. Among the bloc's largest economies, Germany's GDP contraction was the sharpest since 2009, while France, Spain and Italy economies shrank the most on record. Germany, France and Italy all entered a recession.
Published on 2020-06-09

Eurozone GDP Contracts the Most on Record
The Eurozone quarterly economic contraction was confirmed at 3.8 percent in the first quarter of 2020, the steepest since comparable records began in 1995 as COVID-19 containment measures began to be widely introduced by Member States in mid-March. Germany, France, Spain and Italy economies shrank the most on record, with Germany and France entering a recession.
Published on 2020-05-15

Eurozone GDP Contracts at Record Pace
The Eurozone economy shrank by 3.8% on quarter in Q1, compared to market expectations of a 3.5% contraction, a flash estimate showed. It was the steepest contraction since comparable records began in 1995 as a coronavirus lockdown from mid-March forced businesses to close and consumers to stay at home. France, Spain and Italy economies contracted the most on record, with France entering a recession.
Published on 2020-04-30

Eurozone GDP Growth Confirmed at 7-Year Low
The Eurozone quarterly economic growth was confirmed at 0.1 percent in the last three months of 2019, the weakest since a contraction was recorded in early 2013. Household consumption rose at a softer pace (0.1 percent vs 0.5 percent in Q3) as well as public spending (0.3 percent vs 0.6 percent), while net external demand contributed negatively to the GDP, with imports climbing 2.2 percent (vs -1.3 percent in Q3) and exports advancing 0.4 percent (vs 0.6 percent in Q3). On a more positive note, fixed investment jumped 4.2 percent, recovering from a 3.8 percent contraction in the previous period. Among the bloc's largest economies, Spain's GDP growth picked up, while Germany's economy stalled and France and Italy fell into recession.
Published on 2020-03-10

Eurozone Q4 GDP Growth Confirmed at 7-Year Low
The Eurozone economy grew only 0.1 percent in the fourth quarter of 2019, below 0.3 percent expansion reported in the previous three-month period, a second estimate showed. That was the weakest pace of growth since a 0.4 percent contraction in the first quarter of 2013. Among the bloc's largest economies, German GDP stalled, while France and Italy contracted 0.1 and 0.4 percent respectively. On the other hand, Spain's economy expanded 0.5 percent.
Published on 2020-02-14

Eurozone GDP Grows the Least in Almost 7 Years
The Eurozone economy grew by just 0.1 percent on quarter in the last three months of 2019, easing from an upwardly revised 0.3 percent expansion in the previous period and missing market expectations of 0.2 percent, a flash estimate showed. That was the weakest growth rate since a contraction was recorded in the first quarter of 2013, as the economies of France and Italy shrank unexpectedly while Spain's GDP growth accelerated.
Published on 2020-01-31

Eurozone Q3 GDP Growth Confirmed at 0.2%
The Eurozone quarterly economic growth was confirmed at 0.2 percent in the third quarter of 2019, the same as in the previous three-month period, the final estimate showed. Household consumption, government spending and fixed investment supported the expansion, while net trade and inventory changes contributed negatively to GDP. Among the bloc's largest economies, Germany's economy avoided entering a recession in the third quarter (0.1 percent vs -0.2 percent in Q2), while GDP growth was unchanged in France (at 0.3 percent), Spain (at 0.4 percent) and Italy (at 0.1 percent).
Published on 2019-12-05

Eurozone Q3 GDP Growth Confirmed at 0.2%
The Eurozone quarterly economic growth was confirmed at 0.2 percent in the third quarter of 2019, the same as in the previous three-month period, a second estimate showed. Among the bloc's largest economies, Germany avoided entering a recession in the third quarter, largely driven by public and private consumption, while GDP growth rates were unchanged in France, Italy and Spain.
Published on 2019-11-14

Eurozone GDP Growth Slightly Above Forecast
The Eurozone economy grew 0.2 percent on quarter in the three months to September 2019, the same pace as in the previous period and slightly above market expectations of 0.1 percent, a flash estimate showed. Among the bloc's largest economies, France's GDP expanded 0.3 percent and Spain's economy grew 0.4 percent.
Published on 2019-10-31

Eurozone Q2 GDP Growth Confirmed at 0.2%
The Eurozone quarterly economic growth was confirmed at 0.2 percent in the second quarter of 2019, slowing from a 0.4 percent expansion in the previous period. Household consumption and fixed investment supported the expansion while net trade contributed negatively to growth and change in inventories was negligible. Among the bloc’s largest economies, Germany’s gross domestic product shrank while Italy's economy stagnated, Spain’s GDP growth slowed and the French economy expanded at the same pace as in the first quarter.
Published on 2019-09-06

Eurozone Q2 GDP Growth Confirmed at 0.2%
The Eurozone quarterly economic growth was confirmed at 0.2 percent in the second quarter of 2019, compared to a 0.4 percent expansion in the previous period. Germany's gross domestic product contracted mainly due to a slump in exports, while Italy's economy stagnated as both trade and domestic demand made zero contribution to growth. In addition, GDP growth slowed in France and Spain.
Published on 2019-08-14

Eurozone GDP Growth Slows in Q2
The Eurozone economy grew 0.2 percent on quarter in the three months to June 2019, easing from a 0.4 percent expansion in the previous period and matching market expectations, a flash estimate showed.
Published on 2019-07-31

Eurozone Q1 GDP Growth Confirmed at 0.4%
The Eurozone quarterly economic growth was confirmed at 0.4 percent in the first quarter of 2019, above the previous three-month period's expansion of 0.2 percent. Household consumption, fixed investment and net exports supported the expansion, while changes in inventories subtracted 0.3 percentage points to the GDP. Among the bloc's largest economies, Germany and Italy returned to growth and Spain's economy advanced at faster pace, while France's expansion was unchanged.
Published on 2019-06-06

Eurozone Q1 GDP Growth Confirmed at 0.4%
The Eurozone quarterly economic growth was confirmed at 0.4 percent in the first quarter of 2019, above the previous three-month period's expansion of 0.2 percent. Among the bloc's largest economies, Germany and Italy returned to growth and Spain's economy advanced at faster pace, while France's expansion was unchanged.
Published on 2019-05-15

Eurozone Q1 GDP Growth Beats Forecasts
The Eurozone economy grew 0.4 percent on quarter in the three months to March 2019, accelerating from a 0.2 percent expansion and beating market expectations of 0.3 percent, a flash estimate showed. Among countries for which data is already available, Spain's economy advanced at a faster 0.7 percent, while French GDP growth was unchanged at 0.3 percent. Year-on-year, the bloc's economy expanded 1.2 percent, the same pace as in the previous three-month period.
Published on 2019-04-30

Eurozone Q4 GDP Growth Confirmed at 0.2%
The Eurozone quarterly economic growth was confirmed at 0.2 percent in the fourth quarter of 2018, slightly above the previous period's revised figure of 0.1 percent. The expansion was driven by net exports, household consumption, fixed investment and public spending, which offset a sharp decline in inventories.
Published on 2019-03-07

Eurozone Q4 GDP Growth Confirmed at Near 4-Year Low
The Eurozone economy grew 0.2 percent on quarter in the final three months of 2018, unrevised from a preliminary estimate and matching the third quarter rate, which had been the lowest since the second quarter of 2014. The German economy stalled in the October-December period and Italy fell into recession for the first time since early 2013, while France and Spain continued to support the bloc's growth.
Published on 2019-02-14

Eurozone GDP Growth Holds Steady at 4-Year Low
The Eurozone economy grew 0.2 percent on quarter in the final three months of 2018, matching the third quarter rate, which had been the lowest since the second quarter of 2014. Among Eurozone's largest economies, Italy fell into recession for the first time since early 2013 and France's GDP growth was unchanged, while Spain's economy expanded at a faster pace.
Published on 2019-01-31

Eurozone Q3 GDP Growth Confirmed at Near 4-Year Low
The Eurozone economy grew 0.2 percent on quarter in the three months to September 2018, unrevised from a second estimate and following a 0.4 percent expansion in the previous period. It was the weakest growth rate since the second quarter of 2014 mainly due to a negative contribution from external demand. Among the bloc's largest economies, Germany and Italy posted contractions, while France's growth picked up and Spain's expansion remained solid.
Published on 2018-12-07

Eurozone Q3 GDP Growth Confirmed at 4-Year Low
The Eurozone economy grew 0.2 percent on quarter in the three months to September 2018, unrevised from a preliminary estimate and following a 0.4 percent expansion in the previous period. It was the weakest growth rate since the second quarter of 2014 as the German economy contracted for the first time in three-and-a-half years and Italy's GDP showed no growth.
Published on 2018-11-14