Euro zone and EU15 GDP rises 0.4 per cent

GDP grew by 0.4 per cent in both the euro zone and in the EU15 group during the third quarter of 2003, compared to the previous…

GDP grew by 0.4 per cent in both the euro zone and in the EU15 group during the third quarter of 2003, compared to the previous quarter, according to flash estimates published today by Eurostat, the Statistical Office of the European Communities.

In the second quarter of 2003, growth rates were -0.1 per cent for the euro zone and 0.0 per cent for the EU15.

Compared to the same quarter last year, GDP grew by 0.3 per cent in the euro-zone and by 0.6 per cent in the EU15, after +0.2 per cent and +0.5 per cent, respectively, in the previous quarter.

During the third quarter 2003, US GDP increased by 1.7 per cent compared to the previous quarter, after +0.8 per cent in the second quarter 2003.

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GDP in Japan grew by 0.6 per cent, after +0.9 per cent in the previous quarter.

Flash estimates of the GDP growth rate for the euro-zone and the EU15 is calculated by using as indicators GDP figures referring to all Member States for which data are already available.