Fabian Demicoli

Second estimate for the second quarter of 2013 – GDP

Euro area GDP up by 0.3% and EU27 up
by 0.4% – GDP
rose by 0.3% in the euro area (EA17) and by 0.4% in the EU27 during the second
quarter of 2013, compared with the previous quarter, according to second
estimates published by Eurostat, the statistical office of the European Union.
In the first quarter of 2013, growth rates were -0.2% and -0.1% respectively.

During
the second quarter of 2013, GDP in the United States grew by 0.6% compared with
the previous quarter (after +0.3% in the first quarter of 2013). Compared with
the same quarter of the previous year, GDP rose by 1.6% (after +1.3% in the
previous quarter).

GDP
growth by Member State

Among
Member States for which data are available for the second quarter of 2013,
Portugal (+1.1%) recorded the highest growth compared with the previous
quarter, followed by Germany, Lithuania, Finland and the United Kingdom (all
+0.7%). Cyprus (-1.4%), Slovenia (-0.3%), Italy and the Netherlands (both
-0.2%) registered the largest decreases. No data was available for Malta at the
time the Press Release was published.

Compared
with the same quarter of the previous year, seasonally adjusted GDP fell by
0.5% in the euro area and remained stable in the EU27 in the second quarter of
2013, after -1.0% and -0.7% respectively in the previous quarter.

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