Wednesday, 15th August 2012

Euro Area and EU27 GDP down by 0.2%

Source: Eurostat

GDP fell by 0.2% in both the euro area1 (EA17) and the EU271 during the second quarter of 2012, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union. In the first quarter of 2012, growth rates were 0.0% in both zones.

Compared with the same quarter of the previous year, seasonally adjusted GDP fell by 0.4% in the euro area and by 0.2% in the EU27 in the second quarter of 2012, after 0.0% and +0.1% respectively in the previous quarter.

During the second quarter of 2012, GDP increased by 0.4% in the United States compared with the previous quarter (after +0.5% in the first quarter of 2012) and by 0.3% in Japan (after +1.3%).

Compared with the same quarter of the previous year, GDP rose by 2.2% in the United States (after +2.4% in the previous quarter) and by 3.6% in Japan (after +2.8%).

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Category:

• Asia (DocuTicker)
• Business and economics (DocuTicker)
• Europe (DocuTicker)
• Industries (DocuTicker)
• International (DocuTicker)
• North America (DocuTicker)

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By Adrian Janes

Having begun his career in academic libraries, Adrian Janes is currently an Information Services Librarian with the London Borough of Havering.

In this role, he has particular responsibility for information from both the UK Government and the European Union. He wrote a detailed report on sources for the latter which was published by Free Pint Ltd. in 2007. He is also involved in training and publicising online reference resources and is a regular contributor to DocuTicker.

Adrian can be reached at adrian.janes@freepint.com

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