Cyprus` GDP rose by 0,5% during the second quarter of 2015,compared to the first quarter. Seasonally adjusted GDP rose by 0.4% in both the euro area and the EU28 during the second quarter of 2015, compared with the previous quarter, according to a second estimate published by Eurostat, the statistical office of the European Union.
In the first quarter of 2015, GDP grew by 0.5% in both areas. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.5% in the euro area and by 1.9% in the EU28 in the second quarter of 2015, after +1.2% and +1.7% respectively in the previous quarter.
GDP increased in all Member States for which data are available for the second quarter of 2015, except France where it remained stable. The highest growth compared with the previous quarter was recorded in Latvia (+1.2%), Malta (+1.1%), the Czech Republic, Spain and Sweden (all +1.0%), followed by Greece and Poland (both +0.9%), Slovakia (+0.8%), Estonia, Croatia, Lithuania, Slovenia and the United Kingdom (all +0.7%). The lowest growth rates were registered in the Netherlands, Austria and Romania (all +0.1%).
ENDS, CYPRUS NEWS AGENCY