November 2, 2022
Preliminary flash estimate for the third quarter of 2022
GDP up by 0.2% in both the euro area and the EU
+2.1% and +2.4% respectively compared with the third quarter of 2021
In the third quarter of 2022, seasonally adjusted GDP increased by 0.2% in both the euro area and 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 second quarter of 2022, GDP had grown by 0.8% in the euro area and by 0.7% 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 2.1% in the euro area and by 2.4% in the EU in the third quarter of 2022, after +4.3% in both zones in the previous quarter.
Among the Member States for which data are available for the third quarter of 2022, Sweden (+0.7%) recorded the highest increase compared to the previous quarter, followed by Italy (+0.5%), Portugal and Lithuania (both +0.4%). Declines were recorded in Latvia (-1.7%) as well as in Austria and Belgium (both -0.1%). The year-onyear growth rates were positive for all countries except for Latvia (-0.4%).
Source: Eurostat
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