GDP in the euro area fell by 0.2% and the EU27 by 0.1% in Q1 2013 compared with the Q4 of 2012 according to a statistical release from Eurostat on the second estimates for GDP in member states. Compared to the same quarter in the previous year GDP fell by 1.1% in the euro area and 0.7% in the EU27.
Household Final Consumption Expenditure increased by 0.1% in both zones but still contributed negatively to GDP growth. Capital formation fell in both zones as did both exports and imports.
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