GDP in both the EU27 and the euro area remained in red numbers in the first quarter of 2013. The euro area GDP fell by 0.2% and GDP of the EU27 fell by 0.1%, compared with the previous quarter. In the fourth quarter of 2012, growth rates were -0.6% and -0.5% respectively. Compared to the same quarter of the previous year, GDP fell by 1.1% in the euro area and by 0.7% in the EU27.

Among the Member States, Lithuania (+1.3%), Latvia (+1.2%), Hungary and Romania (both +0.7%) recorded the highest growth compared with the previous quarter, and Cyprus (-1.3%), the Czech Republic (-1.1%) and Estonia (-1.0%) the largest decreases. However, the data of Ireland, Greece, Luxembourg and Malta were not available.

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