European economies quarterly growth…
German Gross Domestic Product grew in the second quarter of this year by 0.5% on the annual basis, without regard to seasonal factors, the increase during the first quarter reacged 1.7% – Federal Statistical Office reported in the preliminary calculation. Analysts had expected annual GDP growth of 0.9%.
Seasonally adjusted GDP growth in Germany reached 1.0% in annual terms, after growing by 1.2 % in the first quarter.
French gross domestic product grew in the second quarter of 2012 by 0.3% in annual terms, after growing by 0.3 in the first quarter- the French statistical office reported in preliminary calculations.
EU GDP declined in the second quarter of this year by 0.2% to the first quarter – Eurostat reported preliminary data. The same was a decline of GDP in the euro area.