Eurozone Q3 GDP growth was revised down slightly by -0.1% qoq to 12.5% qoq. That’s still the sharpest increase since the time series started in 1995. Over the year, GDP dropped -4.3% yoy.
EU GDP grew 11.5% qoq in Q3, down -4.2% yoy. France (+18.7%), Spain (+16.7%) and Italy (+15.9%) recorded the sharpest increases of GDP compared to the previous quarter. These countries were also among the highest decreases in the second quarter. Greece (+2.3%), Estonia and Finland (both +3.3%) and Lithuania (+3.8%) had the lowest increases of GDP. Except for Greece, which registered a decrease of 14.1%, these other countries also had less pronounced declines during the second quarter.
