Euro-zone and EU25 GDP up by 0.6%
+1.3% and +1.6% respectively compared to the first quarter of 2003
GDP grew by 0.6% both in the euro-zone1 and in the EU252 during the first quarter of 2004, compared to the previous quarter, according to flash3 estimates published today by Eurostat, the Statistical Office of the European Communities. In the fourth quarter of 20034, growth rates were +0.4% for the euro-zone and +0.5% for the EU25.
Compared to the same quarter of the previous year, GDP grew by 1.3% in the euro-zone and by 1.6% in the EU25 in the first quarter of 2004, after +0.6% and +1.0% respectively in the previous quarter4.
During the first quarter of 2004, US GDP increased by 1.0% compared to the previous quarter, after +1.0% also in the fourth quarter of 2003. Compared to the first quarter of 2003, GDP grew by 4.9% in the US, after +4.3% in the fourth quarter of 2003.
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