Date: September 13, 2018

According to Eurostat, the statistical office of the European Union, “Seasonally adjusted GDP rose by 0.4% in both the Euro Area (EA19) and EU28 during the second quarter of 2018, compared with the previous quarter.” In addition, in the first quarter of 2018, GDP has also grown by 0.4% in both areas. When compared with the same quarter of the prior year, seasonally adjusted GDP rose by 2.1% in both the Euro Area and the EU28 in the second quarter of 2018, after 2.4% and 2.3% respectively in the previous quarter.

There was an increase in GDP in the United States by 1.0% during the second quarter of 2018 compared with the previous quarter, that is after 0.5% in the first quarter of 2018. In comparison with the same quarter of the previous year, GDP grew by 2.9%, after 2.6% in the previous quarter.

 

GDP growth by Member State

Notably, for the second quarter of 2018, Malta (1.9%), Estonia and Romania (both 1.4%) recorded the highest growth compared with the previous quarter. However, the lowest growth was observed in Denmark, Greece, France and Italy (all 0.2%).

 

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