EU GDP increased 3.9% in Q3 2021 compared to the same quarter last year, according to a recent note from Eurostat.
The increase between Q2 and Q3 was 2.1%. Meanwhile, for the euro area the increase in Q3 versus last year was 3.7 and compared to Q2 was 2.2.
The increases are much smaller than the duble-digit increases seen for Q2. But this was against a low base established during the first wave of the pandemic.
Meanwhile, GDP growth remains in positive territory after a period of negative readings between the first quarter of 2020 and the first quarter of 2021.