There was an increase of 0.2% in GDP in both the euro area and the EU27 in the second quarter of 2011 compared with the first quarter according to a statistical news release from Eurostat the statistical office of the European Union. Growth rates in the first quarter were 1.8% in the euro area and 0.7% in the EU27. On a yearly basis, the second quarter results increased by 1.6% in the euro area and 1.7% in the EU27.
Household expenditure decreased by 0.2% after growing by 0.2% in the previous quarter and decreased by 0.1% in the EU27. Gross fixed capital formation, exports and imports all grew during the second quarter.
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