GDP grew in last year's fourth quarter in the EU

The joint gross domestic product (GDP) of the European Union (EU) Member States increased by 0.4 percent in the last quarter of 2014, compared to the previous quarter – Eurostat published its second estimate on Friday.

In the member states of the euro zone the GDP increased by 0.3 percent in October-December 2014.
In last year's fourth quarter, the final consumption of households grew by 0.5 percent in the EU, while the gross capital investment rate rose by 0.4 percent, the exports grew by 1.3 percent and imports grew by 0.8 percent.

Among the Member States the fastest rate of economic growth in the fourth quarter was measured in Estonia (1.1 percent), Sweden (1.1 percent) and Hungary (0.9 percent). (MTI)