GDP Q2 2018

Growth revised up in Q2 but remains at near two-year low

A second flash estimate released by Eurostat showed that subdued growth in the Eurozone economy at the outset of the year carried over to the second quarter. GDP expanded a revised seasonally-adjusted 0.4% in Q2 (previously reported: +0.3% quarter-on-quarter) from the previous quarter, matching Q1’s reading and marking the slowest pace of growth since Q3 2016. Compared with the same quarter of 2017, seasonally-adjusted GDP rose a revised 2.2% in Q2 (previously reported: +2.1% year-on-year), markedly below Q1’s 2.5% increase.

Although the flash estimate did not include a breakdown by components, weak gains in consumer spending, thanks to higher inflation and sluggish wage growth, and cooling sentiment, owing to trade concerns, likely weighed on economic performance. Additional data on individual countries revealed that growth picked up in Germany (+0.5% qoq) and the Netherlands (0.7% qoq) in the second quarter but moderated in Spain (0.6% qoq), Italy (0.2% qoq) and Austria (0.5% qoq). Meanwhile, growth in France (0.2% qoq) and Belgium (0.3% qoq) remained steady. More complete GDP data, including a breakdown by components, will be released on 7 September.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest