Euro area GDP grows. Eurostat, the statistical office of the European Union, reported that the euro area’s seasonally adjusted Gross Domestic Product (GDP) experienced a 0.3% growth in the second quarter of 2023.
In contrast, the GDP of the wider EU region remained stable during the same period. When comparing this data with the second quarter of 2022, the euro area’s GDP increased by 0.6%, while the EU’s GDP grew by 0.5%.
Notably, the previous quarter had seen no change in the euro area’s GDP, while the EU recorded a growth of 0.2%.
These figures are preliminary flash estimates and rely on potentially incomplete data sources, subject to further revisions.
Adjustments to these initial estimates may occur as more comprehensive data becomes available.