Seasonally-adjusted gross domestic product (GDP) grew by 0.6% in the third quarter of 2017, in both the Eurozone and the European Union as a whole, according to an estimate of the statistical office of the EU (Eurostat) published on Thursday 7 December 2017.
This growth is slightly lower than that recorded in the two areas in the second quarter of the same year, when it stood at 0.7% of GDP. However, the annual growth rate between the third quarter of 2016 and the third quarter of 2017 is 2.6% of GDP, which is up 0.2 percentage points on the level between the second quarter of 2016 and the second quarter of 2017.
GDP's evolution in the third quarter of this year, however, varies greatly between member states, with the Danish economy in recession (-0.6% of GDP) and Lithuania showing low growth (+0.1% of GDP), whilst the growth rate stands at 1.5% of GDP in Latvia, 1.9% of GDP in Malta and 2.6% of GDP in Romania.
Eurostat reports that household final consumption expenditure contributed to an increase in GDP of 0.2 percentage points in the Eurozone and 0.3 points in the EU in the third quarter of 2017, while the gross fixed capital formation contributed to a 0.2 percentage point growth of GDP in both areas. (Original version in French by Lucas Tripoteau)