EU GDP expands 5.2% year-on-year in Q1
Annual growth rates were positive for all countries, says Eurostat
ANKARA
The gross domestic product (GDP) rose by 5.2% in the EU in the first quarter of 2022, compared with the same quarter last year, according to a flash estimate by the EU statistical office on Friday.
The quarter-on-quarter figure posted a 0.4% rise, Eurostat said.
Portugal (2.6%) saw the highest increase compared to the previous quarter, followed by Austria (2.5%) and Latvia (2.1%). Declines were observed in Sweden (0.4%) and Italy (0.2%).
The year-on-year growth rates were positive for all countries, Eurostat said.
Meanwhile, Eurozone annual inflation rate was at 7.5% in April, hitting a record level in six months in a row, according to preliminary official figures on Friday.
Energy prices item was the largest contributor to the inflation rate in April, followed by food-alcohol-tobacco, non-energy industrial goods and services.
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