EU Q2 GDP revised up slightly in second estimate by Eurostat

06 September 2012 11:04  [Source: ICIS news]

LONDON (ICIS)--Second-quarter GDP fell by 0.1% in the EU and by 0.2% in the eurozone from the previous three-month period, according to revised figures from statistics agency Eurostat on Thursday.

The agency’s second estimate showed a slight improvement from its initial figures of a 0.2% decrease from the previous quarter in both the EU and eurozone.

On a year-on-year basis, however, Eurostat’s latest figures showed that GDP fell by 0.3% in the EU and 0.5% in the eurozone, steeper declines than its initial estimates of 0.2% and 0.4% respectively.

During the second quarter, GDP increased by 0.4% in the US compared with the previous quarter, and by 0.3% in Japan.

Compared with the same quarter of 2011, GDP rose by 2.3% in the US (initial estimate 2.2%) and by 3.6% in Japan, Eurostat said.

By: Graeme Paterson
+44 20 8652 3214

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