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The economy expanded by 0.1% annually.
Both indicators matched the previously released data and a poll of analysts by Trading Economics polled. In contrast, the GDP of the eurozone expanded by 0.1% annually in the third quarter but decreased by 0.1% on a quarterly basis.
Throughout the quarter ending in December, consumer expenditure increased by 0.1%, government spending increased by 0.6%, and business investment increased by 1%. While imports rose by 0.6%, the number of exports stayed the same.
The final Eurostat figures for 2023 show that the eurozone economy increased by 0.4% overall. As a result, the rate of recovery fell sharply from 3.4% in 2022.
The fourth quarter GDP of the European Union increased by 0.2% on an annualized basis, but remained unchanged from the preceding three months. The EU economy grew by 0.4% in 2023, following a 3.4% gain in the previous year; in other words, changes in the GDP of the euro area were reflected in the dynamics of both measures.
source: tradingeconomics.com
Both indicators matched the previously released data and a poll of analysts by Trading Economics polled. In contrast, the GDP of the eurozone expanded by 0.1% annually in the third quarter but decreased by 0.1% on a quarterly basis.
Throughout the quarter ending in December, consumer expenditure increased by 0.1%, government spending increased by 0.6%, and business investment increased by 1%. While imports rose by 0.6%, the number of exports stayed the same.
The final Eurostat figures for 2023 show that the eurozone economy increased by 0.4% overall. As a result, the rate of recovery fell sharply from 3.4% in 2022.
The fourth quarter GDP of the European Union increased by 0.2% on an annualized basis, but remained unchanged from the preceding three months. The EU economy grew by 0.4% in 2023, following a 3.4% gain in the previous year; in other words, changes in the GDP of the euro area were reflected in the dynamics of both measures.
source: tradingeconomics.com
