According to the revised data released on January 7 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 0.5 percent quarter on quarter, not changing compared to the preliminary Eurostat estimates reported by SteelOrbis on December 2. In the second quarter of 2010, the quarter-on-quarter growth rate was one percent.
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 2.2 percent, after a year-on-year increase of two percent in the previous quarter. The corresponding figure was recorded as 1.9 percent in the preliminary estimates.
According to the latest data, in the United States, GDP increased by 0.6 percent quarter on quarter during the third quarter of 2010, after a 0.4 percent rise in the second quarter of 2010. In Japan, GDP rose by 1.1 percent in the third quarter of 2010 over the second quarter, after a 0.7 percent quarter-on-quarter rise in the second quarter.