Euro Area's Economy Exits Recession in Q2


In the second quarter of 2013, Euro Area seasonally adjusted GDP rose by 0.3 percent from the first three months of the year helped by stronger growth in the zone's two largest economies: Germany and France.

German economy expanded 0.7 percent while France's GDP was up 0.5 percent. On the other hand, Spain's economy contracted by 0.1 percent and Italy and the Netherlands GDP's both dropped by 0.2 percent.

Compared with the same quarter of the previous year, seasonally adjusted GDP fell by 0.7 percent in the Euro Area in the second quarter of 2013, after contracting 1.1 percent in the previous quarter.

Euro Area


Eurostat | Nuno Fontes | nuno@tradingeconomics.com
8/15/2013 2:24:31 PM