Euro Area Recovery Fails to Gather Momentum


Euro Area GDP advanced 0.2 percent in the first quarter of 2014, the same rate recorded in the previous period and below market expectations. While Germany posted strong growth, France stagnated and Italy contracted.

Among Euro Area member states, the Netherlands contracted the most (-1.4 percent), followed by Estonia (-1.2 percent), Cyprus and Portugal (-0.7 percent each), Finland (-0.4 percent) and Italy (-0.1 percent). In contrast, the GDP growth accelerated in Germany (0.8 percent), Spain and Belgium (0.4 percent each). The French economy stagnated in the first quarter of 2014.   

In the EU 28, the seasonally adjusted GDP rose by 0.3 percent compared with the previous quarter, slower than a 0.4 percent expansion in the previous quarter. 

Year-on-year, seasonally adjusted GDP rose by 0.9 percent in the euro area and by 1.4 percent in the EU 28 (0.5 percent and 1.0 percent respectively in the previous quarter).

Euro Area Recovery Fails to Gather Momentum


Eurostat | Joana Taborda | joana.taborda@tradingeconomics.com
5/15/2014 10:34:49 AM