Eurozone GDP grew 0.1% qoq in Q1, matched expectations. EU GDP rose 0.3% qoq.
Among the Member States for which data are available for the first quarter of 2023, Portugal (+1.6%) recorded the highest increase compared to the previous quarter, followed by Spain, Italy and Latvia (all +0.5%). Declines were recorded in Ireland (-2.7%) as well as in Austria (-0.3%). The year-on-year growth rates were positive for all countries except for Germany (-0.1%).
%20recorded%20the%20highest%20increase%20compared%20to%20the%20previous%20quarter,%20followed%20by%20Spain,%20Italy%20and%20Latvia%20(all%20+0.5%).%20Declines%20were%20recorded%20in%20Ireland%20(-2.7%)%20as%20well%20as%20in%20Austria%20(-0.3%).%20The%20year-on-year%20growth%20rates%20were%20positive%20for%20all%20countries%20except%20for%20Germany%20(-0.1%).){kind=link}