Improved fourth quarter GDP data in Eurostat’s second estimate

By: Trademagazin editor Date: 2021. 02. 16. 11:02

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The European Union’s statistical office (Eurostat) improved last year’s fourth quarter GDP data in its second estimate released by the European Union’s statistical office (Eurostat) on Tuesday.

In the 19 euro area Member States, gross domestic product (GDP) fell by 0.6 percent quarter-on-quarter and by 5.0 percent year-on-year in October-December last year.

Eurostat improved both values by 0.1 percentage point. Analysts expected the same data as the first estimate. They expected a 0.7 percent decline on a quarterly basis and a 5.1 percent decline on an annual basis. (MTI)