During the third quarter of 2012, GDP fell by 0.1% in the euro area and increased by 0.1% in the EU27, compared with the previous quarter. In the second quarter of 2012, growth rates were -0.2% in both zones. Compared with 2011, seasonally adjusted GDP fell by 0.6% in the euro area and by 0.4% in the EU27 in the third quarter of 2012.

In addition, seasonally adjusted industrial production fell by 2.5% in the euro area and by 2.3% in the EU27 in September 2012 compared with August 2012. The largest decreases were registered in Ireland (-12.6%), Portugal (-12.0%), Greece (-4.4%), Sweden (-3.4%), Spain and Latvia (both -2.8%) and France (-2.7%), and the highest increases in Estonia (+2.0%) and Slovakia (+1.4%).

The data comes from estimates published by Eurostat, the statistical office of the European Union. For more information, click here.