Eurozone GDP growth slows down in Q3

The eurozone’s GDP saw a slight slowdown in Q3 2015, rising by 0.3% against 0.4% in Q2, according to a second estimate published by Eurostat.

Compared with the same quarter of the previous year, however, GDP rose by 1.6% in the eurozone and by 1.9% in the EU28 in the third quarter of 2015, the same as in the previous quarter.

During the third quarter of 2015, GDP in the United States increased by 0.5% compared with the previous quarter (after +1.0% in the second quarter of 2015). Compared with the same quarter of the previous year, GDP grew by 2.2% (after +2.7% in the previous quarter).

Among Member States for which data are available for the third quarter of 2015, Romania (+1.4%), Croatia (+1.3%), Malta (+1.1%), Latvia (+1.0%), Poland and Slovakia (both +0.9%) recorded the highest growth compared with the previous quarter, followed by Spain and Sweden (both +0.8%). Decreases were registered in Greece (-0.9%), Estonia and Finland (both -0.5%) as well as Denmark (-0.1%).

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