According to the flash estimates released by Eurostat, the statistical office of the
European Union, during the third quarter of this year gross domestic product (GDP) increased by 0.3 percent in the euro area and by 0.4 percent in the EU-28 compared to the previous quarter. In the second quarter of this year, GDP had increased by 0.4 percent both in the euro area and in the EU-28, on quarter-on-quarter basis.
Compared with the same quarter of 2014, in the third quarter this year seasonally adjusted GDP increased by 1.6 percent in the euro area and rose by 1.9 percent in the EU-28, after respectively increasing by 1.5 percent and 1.9 percent year on year in the previous quarter.
Meanwhile, in the third quarter this year GDP in the United States increased by 0.4 percent quarter on quarter and rose by two percent year on year.