GDP up by 2.0% in the euro area and by 1.9% in the EU

+13.7% and +13.2% respectively compared with the second quarter of 2020

In the second quarter 2021, seasonally adjusted GDP increased by 2.0% in the euro area and by 1.9% in the EU,
compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the
statistical office of the European Union. In the first quarter of 2021, GDP had declined by 0.3% in the euro area
and 0.1% in the EU.
These preliminary GDP flash estimates are based on data sources that are incomplete and subject to further
revisions.

Compared with the same quarter of the previous year, seasonally adjusted GDP increased by 13.7% in the euro
area and by 13.2% in the EU in the second quarter of 2021, after -1.3% in both zones in the previous quarter.

Among the Member States for which data are available for the second quarter 2021, Portugal (+4.9%) recorded
the highest increase compared to the previous quarter, followed by Austria (+4.3%) and Latvia (+3.7%), while
Lithuania (+0.4%) and Czechia (+0.6%) recorded the lowest increase. The year on year growth rates were
positive for all countries.

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