GDP up by 0.7% in the euro area and by 0.6% in the EU

Sat 30-07-2022 01:48 AM

BRUSSELS, 29th July, 2022 (WAM) — In the second quarter 2022, seasonally adjusted GDP increased by 0.7% in the euro area and by 0.6% in the EU, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the statistical office of the European Union.

In the first quarter of 2022, GDP had grown by 0.5% in the euro area and 0.6% in the EU.

Compared with the same quarter of the previous year, seasonally adjusted GDP increased by 4.0% both in the euro area and in the EU in the second quarter of 2022, after +5.4% in the euro area and +5.5% in the EU in the previous quarter.

WAM/Tariq alfaham

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