Euro area and EU27 GDP up by 1.0%. GDP increased by 1.0% in the EU27 during the second quarter of 2010, compared with the previous quarter, according to first estimates released by Eurostat, the statistical office of the European Union. In the first quarter of 2010, growth rates were +0.3%.

Compared with the second quarter of 2009, seasonally adjusted GDP increased by 1.9% in the EU27, after +0.8% and +0.7% respectively for the previous quarter.

During the second quarter of 2010, household final consumption expenditure increased by 0.5% (after +0.2% and +0.1% respectively in the previous quarter).
Investments increased by 1.7% (after -0.4% and -0.6% respectively).
Exports increased by 4.0% (after +2.4% and +2.0%) and imports increased by 4.0% in the EU27 (after +4.0% and +3.6%).
In the United States. GDP increased by 0.4% during the second quarter of 2010, after +0.9% in the first quarter of 2010 and in Japan, GDP increased by 0.1% in the second quarter of 2010, after +1.1% in the previous quarter. Compared with the second quarter of 2009, GDP increased by 3.0% in the United States (after +2.4% in the previous quarter) and by 1.9% in Japan (after +4.4%).