The gross domestic product (GDP) of the euro area rose 0.6% in the first quarter of 2016 compared to the previous quarter. The number is close to the U.S. number of 0.5% in the first quarter, based on an annualized rate. The problem of deflation in the region lingered.
Seasonally adjusted GDP rose by 0.6% in the euro area (EA19) and by 0.5% in the EU28 during the first quarter of 2016, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the statistical office of the European Union. In the fourth quarter of 2015, GDP grew by 0.3% in the euro area and by 0.4% in the EU28. rose by 0.6% in the euro area (EA19) and by 0.5% in the EU28 during the first quarter of 2016, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the statistical office of the European Union. In the fourth quarter of 2015, GDP grew by 0.3% in the euro area and by 0.4% in the EU28.
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Euro area annual inflation is expected to be -0.2% in April 2016, down from 0.0% in March, according to a flashe stimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, services is expected to have the highest annual rate in April
(1.0%, compared with 1.4% in March), followed by food, alcohol & tobacco (0.8%, stable compared with March), non-energy industrial goods, (0.5%, stable compared with March) and energy (-8.6%, compared with -8.7% in March).
The growth problem, which has lingered since the Great Recession, has been replaced by another.
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