GDP grew by 0.7% in the euro area1 (EA13) and by 0.8% in the EU27 during the third quarter of 2007, compared with the previous quarter, according to flash estimates published by Eurostat, the Statistical Office of the European Communities. In the second quarter of 2007, growth rates were +0.3% in the euro area and +0.5% in the EU27.
Compared with the same quarter of the previous year, seasonally adjusted GDP grew by 2.6% in the euro area and by 2.9% in the EU27 in the third quarter of 2007, after +2.5% and +2.8% respectively in the previous quarter.
During the third quarter of 2007, US GDP increased by 1.0% compared with the previous quarter, after +0.9% in the second quarter. In Japan, GDP grew by 0.6% in the third quarter of 2007, after -0.4% in the second quarter. Compared with the third quarter of 2006, GDP grew by 2.6% in the US and by 2.2% in Japan, after +1.9% and +1.5% respectively in the previous quarter.
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