The Spanish economy recorded an advance of 0.4% in the first quarter of the year; the best results were obtained by Ireland and Lithuania while Poland and Sweden are at the bottom
The economic activity of the euro area expanded by 0.3% in the second quarter of the year, while the GDP of the European Union as a whole remained stable in the same period, according to data released this Wednesday by the community statistics office Eurostat.
The community statistical body thus maintains its quarterly estimates published at the end of July for the countries that share the euro and for the EU as a whole, as well as for Spain, where the increase in GDP is confirmed at 0.4% between April and June this year for Eurostat.
In the first quarter of 2023, economic activity had remained stable in the single currency countries and had increased by 0.2% in the Twenty-seven, while in the period between April and June 2022 GDP had increased by 0.6% in the euro area and 0.5% in the EU as a whole.
Among the Member States for which Eurostat data is available, the largest GDP increases in the second quarter of this year were recorded in Ireland (3.3%) and Lithuania (2.8%), while the sharpest declines they took place in Poland (-3.7%) and Sweden (-1.5%).
In the year-on-year comparison, Ireland (2.8%), Romania (2.7%), Portugal and Cyprus (both 2.3%) posted the highest increases in their GDP compared to the second quarter of 2022, while the Economic activity fell further in that period in Estonia (-3%), Sweden (-2.4%) and Hungary (-2.3%).
In the case of the Spanish economy, after noting an increase of 0.4% compared to the first quarter of the year, the interannual increase between April and June was 1.8%.
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