facebook
twitter
rss
account
search
search
 

Europe's GDP unchanged -- still low

March 6, 2013 at 9:44 AM   |   Comments

BRUSSELS, March 6 (UPI) -- The European Commission's statistical agency Eurostat left its fourth quarter estimates for economic activity in Europe unchanged Wednesday.

Validating figures released a month earlier, Eurostat said the gross domestic product for the 17-member eurozone fell 0.6 percent from the third quarter while the GDP for the 27-member European Union fell 0.5 percent.

Compared to the same quarter of 2011, the GDP for the eurozone fell 0.9 percent. For the EU, the GDP was down 0.6 percent from the fourth quarter a year earlier.

Portugal registered the steepest rate of quarter-to-quarter decline with the GDP down 1.8 percent. Latvia posted the strongest quarter-to-quarter growth with the GDP up 1.3 percent.

Data for Greece, Ireland, Luxembourg and Malta were not available. Of the remaining countries, 15 countries experienced economic contraction in the fourth quarter while six experienced growth, Eurostat said. In Bulgaria and Sweden, the GDP was flat quarter to quarter.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
GM recalls 221,000 Cadillacs and Impalas GM recalls 221,000 Cadillacs and Impalas
2
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
3
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
4
Ukraine's State Guard Service receives armored personnel carriers Ukraine's State Guard Service receives armored personnel carriers
5
Navy's Triton surveillance drone flies cross-country Navy's Triton surveillance drone flies cross-country
Trending News
Video
x
Feedback