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Euro Area's economy grows in Q2 2021 both on monthly and on annual basis

Eurozone GDP grew on a real-term basis for the first time in three quarters.
Eurozone GDP grew on a real-term basis for the first time in three quarters.
Eurozone GDP grew on a real-term basis for the first time in three quarters.
Data Bytes
30th July 2021
GDP, economic growth, eurozone

In Q2 2021, Eurozone GDP grew on a real-term basis for the first time in three quarters, by 2% q/q, according to the preliminary (‘flash’) estimates released by Eurostat, which are based on seasonally and calendar-day adjusted data.

Eurozone GDP grew on a real-term basis for the first time in three quarters

The Eurozone economy also expanded by a whopping 13.7% y/y, bolstered by the low base due to the lockdowns imposed during Q2 2020 which impeded economic activity.

Further data and analysis on the Euro Area economy are available on the CEIC Euro Area Economy in a Snapshot – Q2 2021 report.

Country

European Union
Data Bytes
30th July 2021 Euro Area's economy grows in Q2 2021 both on monthly and on annual basis