Home / Knowledge / News / Seasonally adjusted GDP up by 2.2% in the euro area
Seasonally adjusted GDP up by 2.2% in the euro area
05
Mar '08
Euro area1 (EA13) GDP grew by 0.4% and EU27 GDP by 0.5% in the fourth quarter of 2007, compared with the previous quarter, according to first estimates released by Eurostat, the Statistical Office of the European Communities. In the third quarter of 2007, growth rates were +0.7% in the euro area and +0.8% in the EU27.

Compared with the fourth quarter of 2006, seasonally adjusted GDP rose by 2.2% in the euro area and by 2.6% in the EU27, after +2.6% and +2.9% respectively for the previous quarter.

Private consumption static, growth in investments and exports
During the fourth quarter of 2007, household final consumption expenditure decreased by 0.1% in the euro area and increased by 0.1% in the EU27 (after +0.5% and +0.6% in the previous quarter).

Investments grew by 0.8% in the euro area and by 0.7% in the EU27 (after +1.2% and +1.4% in the previous quarter). Exports rose by 0.5% in the euro area and by 0.6% in the EU27 (after +2.1% and +2.0%). Imports decreased by 0.4% in the euro area and by 0.2% in the EU27 (after +2.5% and +2.9%).

US GDP up by 0.2%, Japanese GDP up by 0.9%
In the United States GDP increased by 0.2% during the fourth quarter of 2007, after +1.2% in the third quarter of 2007. In Japan GDP grew by 0.9% in the fourth quarter, after +0.3% in the previous quarter.

Compared to the fourth quarter of 2006, GDP rose by 2.5% in the US (after +2.8% in the previous quarter) and by 1.8% in Japan (after +1.9%).

In 2007 GDP grew by 2.6% in the euro area and by 2.9% in the EU27
Over the whole year 2007, GDP grew by 2.6% in the euro area and by 2.9% in the EU27, compared to +2.8% and +3.0% respectively for 2006.

Over the whole year 2007, GDP grew by 2.2% in the US (+2.9% in 2006) and by 2.1% in Japan (+2.4% in 2006).

Eurostat

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Courtesy: NEJ

Apparel/Garments | On 24th Jan 2017

NEJ fully acquires Bills Khakis from Source Capital

Provider of reverse logistic excess inventory solutions for specialty ...

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search