Home / Knowledge / News / Textiles / EU28 GDP rises 0.2% in second quarter of 2014
EU28 GDP rises 0.2% in second quarter of 2014
17
Sep '14
Seasonally adjusted gross domestic product (GDP) increased by 0.2 percent in the EU28 region, during the second quarter of 2014, compared with the previous quarter, according to second estimates published by Eurostat, the statistical office of the European Union.
 
The estimate on GDP for the second quarter is the last to be based on the ESA95 methodology, and the estimate for the third quarter of 2014 will be the first to be based on ESA 2010 methodology, Eurostat said.
 
In the first quarter of 2014, GDP grew by 0.3 percent in the EU28. 
 
Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.2 percent in the EU28 in the second quarter of 2014, after +1.4 percent in the previous quarter.
 
Among EU28 Member States for which data are available for the second quarter of 2014, Malta (+1.3%), Latvia and Slovenia (both +1.0%), Lithuania, Hungary and the United Kingdom (all +0.8%) recorded the highest growth compared with the previous quarter. Romania (-1.0%), Denmark and Cyprus (both -0.3%), Germany and Italy (both -0.2%) registered decreases.
 
During the second quarter of 2014, exports rose by 0.3 percent in the EU28 (after +0.5% in the previous quarter), while imports increased by 0.4 percent (after +1.2%).
 
Meanwhile, during the second quarter of 2014, GDP in the United States increased by 1.0 percent compared with the previous quarter (after -0.5% in the first quarter of 2014). Compared with the same quarter of the previous year, GDP grew by 2.5% (after +1.9% in the previous quarter).  (RKS)
 

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Pyrates Smart Fabrics

Textiles | On 16th Jul 2018

Spain's Pyrates Smart Fabrics targets Asia, S America

Spain-based Pyrates Smart Fabrics, whose major markets are northern...

Bangladesh to modernise 3 jute factories to boost sector

Textiles | On 16th Jul 2018

Bangladesh to modernise 3 jute factories to boost sector

The executive committee of Bangladesh’s National Economic Council...

Courtesy: Asda

Apparel/Garments | On 16th Jul 2018

J Sainsbury agrees to £3.5 bn financing for Asda merger

J Sainsbury plc has agreed for a financing package of £3.5 billion in ...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

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

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search