According to the flash estimates released by Eurostat, the statistical office of the European Union, during the fourth quarter last year gross domestic product (GDP) increased by 0.3 percent both in the euro area and in the EU-28 compared to the previous quarter. In the third quarter of last year, GDP had increased by 0.3 percent in the euro area and rose by 0.4 percent in the EU-28, on quarter-on-quarter basis. In 2015, GDP rose by 1.5 percent in the euro area and by 1.8 percent in the EU28 compared to 2014.
Compared with the same quarter of 2014, in the fourth quarter last year seasonally adjusted GDP increased by 1.5 percent in the euro area and rose by 1.8 percent in the EU-28, after respectively increasing by 1.6 percent and 1.9 percent year on year in the previous quarter.
Meanwhile, in the fourth quarter of 2015, GDP in the United States increased by 0.2 percent quarter on quarter and rose by 1.8 percent year on year.