Euro zone GDP grows

Brussels, Jan 31 (Prensa Latina) The statistical agency of the European Union (Eurostat) reported that the gross domestic product (GDP) of the euro zone increased 0.1 percent year-on-year in the fourth quarter of 2023.

January 31, 2024
00:15

This is Eurostat’s first estimate on the matter. The EU’s GDP registered an annual change of 0.2 percent during that period.

With respect to the third quarter of 2023, the indicator remained stable both in the 20 economies of the euro area and in the EU as a whole.

The DailyFX market consensus pointed to no change with respect to 2022 and a change of -0.1 percent quarter-on-quarter.

Among the nations with data already available for the fourth quarter, Portugal posted the highest GDP growth at 0.8 percent quarter-on-quarter, followed by Spain (0.6 percent), Belgium and Latvia (0.4 in both).

On the opposite side were Ireland (-0.7 percent), Germany and Lithuania (-0.3).

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