According to flash estimates released on November 11 by Eurostat, the Statistical Office of the European Communities, in the third quarter of 2010 the gross domestic product (GDP) of the European Union member states (EU-27) rose by 0.4 percent quarter on quarter. In the second quarter of 2010, the quarter-on-quarter growth rate was one percent.
Accordingly, in comparison with the same quarter of the previous year, seasonally adjusted GDP in the EU-27 improved in the third quarter of 2010 by 2.1 percent, after a year-on-year increase of two percent in the previous quarter.
In the third quarter of 2010, among member states for which seasonally adjusted GDP data are available, Finland recorded the highest growth rate with an increase of 1.3 percent compared with the previous quarter, followed by the Czech Republic with 1.1 percent and Slovakia with 0.9 percent.
In the given period, among the main economies of the EU, GDP rose 0.9 percent in Austria, increased by 0.8 percent in the UK, moved up by 0.4 percent in France and climbed up by 0.2 percent in Italy, all compared to Q2 2010.