GDP increased by 1.0% in both the Euro area and the EU27 during the second quarter of 2010, compared with the previous quarter, according to flash estimates published by Eurostat. In the first quarter of 2010, growth rates were +0.2% in both zones. In the case of Spain, the economy grew by 0.2% in the second quarter.

Compared with the same quarter of the previous year, and according to data of Eurostat, the statistical office of the European Union, seasonally adjusted GDP increased by 1.7% in both the Euro area and the EU27 in the second quarter of 2010, after +0.6% and +0.5% respectively in the previous quarter.

Among the Euro-zone economies, Germany has experienced a growth of 2.2% over the first quarter, representing the best data of GDP since its reunification. This data is followed by Austria, with a growth of 0.9%, the Netherlands and France. In June 2010 the European Statistical Office (Eurostat) has also published the first preliminary estimates for 2009 about GDP p.c. providing information for EU27, as well as candidate countries, EFTA and four Western Balkan countries.

European quarterly national accounts are compiled in accordance with the European System of Accounts 1995 (ESA95). All figures presented are subject to further revision with the two regular estimates of GDP for the second quarter 2010, scheduled for 2 September 2010 and 6 October 2010.