In the fourth quarter, the GDP of the Eurozone rose against expectations
In the fourth quarter of 2022, seasonally adjusted GDP increased by 0.1% in the euro area and remained stable 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 third quarter of 2022, GDP had grown by 0.3% in both the euro area and in the EU. According to a first estimation of annual growth for 2022, based on seasonally and calendar adjusted quarterly data, GDP increased by 3.5% in the euro area and by 3.6% in the EU. These preliminary GDP flash estimates are based on data sources that are incomplete and subject to further revisions.
Among the Member States for which data are available for the fourth quarter of 2022, Ireland (+3.5%) recorded the highest increase compared to the previous quarter, followed by Latvia (+0.3%), Spain and Portugal (both +0.2%). The highest declines were recorded in Lithuania (-1.7%) as well as in Austria (-0.7%) and Sweden (-0.6%). The year-on-year growth rates were positive for all countries except for Sweden (-0.6%) and Lithuania (-0.4%).
Related news
Eurozone manufacturing activity improved in April, but still shows weak performance
The pace of decline in eurozone manufacturing activity slowed to…
Read more >Has competitiveness taken precedence over sustainability in the EU?
The European Union’s sustainability (ESG) objectives have been a high…
Read more >GKI Analysis: Has competitiveness taken precedence over sustainability in the EU?
The European Union’s sustainability (ESG) objectives have been a high…
Read more >Related news
Márton Nagy: the government would introduce margin restrictions for stores selling household goods
The government may discuss on Wednesday and is expected to…
Read more >The Hungarian Food Bank Association is organizing a record-sized food collection on Friday and Saturday
At the Friday and Saturday fundraiser organized by the Hungarian…
Read more >Pick Szeged Zrt.’s profit decreased, but its sales revenue increased last year
Pick Szeged Zrt.’s after-tax profit in 2024 was 6.7 billion…
Read more >