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Euro Zone Growth Rebounds, GDP up 2.0%

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Euro Zone Growth

The euro zone economy improvement reflected by a 2.0% increase in GDP in the euro area and 1.9% increase in the EU.

Source: eurostat.

EURUSD down -0.20%, EURO STOXX 50 slips -0.25%

The first-quarter GDP had declined by 0.3% in the euro area and 0.1% in the EU.

Compared with the same quarter of the previous year, the GDP increased by 13.7% in the euro and by 13.2% in the EU, after a 1.3% decline in both areas in the previous quarter.

The highest GDP increases in the second quarter 2021 was recorded in Portugal (+4.9%), followed by Austria (+4.3%), and Latvia (+3.7%). The lowest increase in GDP was recorded in Lithuania (0.4%, and Czechia (+0.6%).

The year on year growth rates were positive in all Member States. The Member States with the highest year on year growth rates were Spain (19.8%), France, (18.7%), and Italy (17.3%).

 

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