Eurozone Records Slight Growth in Q4 2013 - Eurostat

Business | March 6, 2014, Thursday // 16:16|  views

The Euro area shows signs of recovery, recording a 0.3% growth in the gross domestic product in Q4 of 2013, according to data released by Eurostat Wednesday.

Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 0.5% in the Euro area.

Among Member States for which Eurostat data are available for Q4 of 2013, Sweden (+1.7%), the Czech Republic (+1.6%), Romania (+1.5%), Lithuania and Slovenia (both +1.2%) recorded the highest growth compared with the previous quarter. Cyprus (-1.0%), Denmark (-0.5%), Finland(-0.3%) and Estonia (-0.1%) registered decreases.

Economy's driving force in Q4 were investments which increased by 1.1%, according to Eurostat data. Consumption recorded a slight increase by 0.1%.

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Tags: Eurozone, Euro Area, gross domestic product, eurostat


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