20th August 2013

Euro area and EU27 GDP both up by 0.3%

Seasonally adjusted GDP rose by 0.3% in both the euro area and the EU27 during the second quarter of 2013, compared with the previous quarter. In the first quarter of 2013, growth rates were -0.3% and -0.1% respectively. GDP fell by 0.7% in the euro area and by 0.2% in the EU27 in the second quarter of 2013, compared with the same quarter of the previous year.

GDP rose by 0.7% in the Czech Republic, a significant improvement compared to the first quarter of 2013, when GDP fell by 1.3%. However, compared with the same quarter of previous year GDP fell by 1.2%. Czech economy experienced strongest growth from the Visegrad countries, with Poland growing by 0.4%, Slovakia 0.3% and Hungary only 0.1% in the second quarter of 2013.

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Members of the American Chamber of Commerce in the Czech Republic