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Euro area sees minor GDP fall, EU stable in Q3 2023

17 Nov '23
2 min read
Pic: Adobe Stock/Romolo Tavani
Pic: Adobe Stock/Romolo Tavani

Insights

  • In Q3 ****, the euro area's GDP slightly decreased by *.* per cent, while the EU's GDP remained stable compared to the previous quarter.
  • This followed a *.* per cent growth in the euro area and stability in the EU in Q2 ****.
  • Year-on-year, the GDP in both the euro area and the EU saw a minimal increase of *.* per cent, a decline from Q2's growth rates.

Compared with the same quarter of the previous year, seasonally adjusted GDP increased by *.* per cent both in the euro area and in the EU in Q* ****, after *.* per cent in the euro area and *.* per cent in the EU in the previous quarter, Eurostat, the statistical office of the EU said in a press release.

During Q* ****, GDP in the US increased by *.* per cent compared to the previous quarter—after *.* per cent in Q* ****. Compared with the same quarter of the previous year, GDP increased by *.* per cent—after *.* per cent in the previous quarter.

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