Flash estimate for the second quarter of 2011 Euro area and EU27 GDP up by 0.2% +1.7% in both zones compared with the second quarter of 2010

GDP increased by 0.2% in both the euro area (EA17) and the EU27 during the second quarter of 2011, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union. In the first quarter of 2011, growth rates were +0.8% in both zones.

Compared with the same quarter of the previous year, seasonally adjusted GDP increased by 1.7% in both zones in the second quarter of 2011, after +2.5% in both zones in the previous quarter.

During the second quarter of 2011, GDP in the United States increased by 0.3% compared with the previous quarter (after +0.1% in the first quarter of 2011). In Japan GDP fell by 0.3% in the second quarter of 2011 (after -0.9%).

Compared with the same quarter of the previous year, GDP rose by 1.6% in the United States (after +2.2% in the previous quarter), and decreased by 0.9% in Japan (after -0.7%).

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