The newest flash estimates published by Eurostat, the Statistical Office of the EU show that GDP fell by 0.2% in the euro area and by 0.1% in the EU27 in the first quarter of 2013, compared to the previous quarter. The fall is even larger, when compared with the same quarter of the previous year. Seasonally adjusted GDP fell by 1.0% in the euro area and by 0.7% in the EU27 in the first quarter of the 2013.
From the Member States, the biggest decrease of GDP (compared to the previous quarter) was measured in Cyprus (-1.3%), however, the data of Greece were not available. The biggest increase was measured in Lithuania (1.3%). Compared with the same quarter of the previous year, the biggest fall was measured in Greece (-5.3%) and the biggest GDP growth was recorded in Latvia (5.6%).
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