Eurostat has revised its growth estimates for the first two quarters of 2015. GDP increased by 0.4% in the second quarter and 0.5% in the first, according to the new estimates published on Tuesday. Year-on-year, the eurozone shows a growth of 1.5%.
Indeed, Eurostat has slightly raised its estimates for the eurozone’s GDP. According to the new figures published this Tuesday, the eurozone’s growth in the second quarter reached 0.4% and not 0.3% as announced in mid-August during the publication of the first estimate conducted by the European statisticians.
The first quarter also turned out to be better, with a GDP increase of 0.5% instead of 0.4%. On an annual basis, the eurozone’s growth now shows an increase of 1.5%.
In detail, “GDP increased in all the member states for which data are available for the second quarter of 2015, except in France where it remained stable,” highlights Eurostat (data was indeed missing for Ireland and Luxembourg).
