GDP grew across the eurozone as well as the EU as a whole during the second quarter of the year, new Eurostat figures have shown. 

Seasonally adjusted GDP rose by 0.3 per cent in the eurozone and by 0.4 per cent in the EU28 during that period when compared with the previous quarter, according to a preliminary flash estimate published by Eurostat.In the first quarter of 2016, GDP grew by 0.6% in the euro area and by 0.5% in the EU28.

In the first quarter of 2016, GDP grew by 0.6 per cent in the euro area and by 0.5 per cent in the EU28.

Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.6 per cent in the euro area and by 1.8 per cent in the EU28 in the second quarter of 2016, after +1.7 per cent and +1.8 per cent respectively in the previous quarter.

Eurostat also said that it expects eurozone inflation to be 0.2 per cent in July, up from 0.1 per cent in June. 

It said it expected food, alcohol and tobacco to have the highest annual rate in July (1.4 per cent, compared with 0.9 per cent in June), followed by services (1.2 per cent, compared with 1.1 per cent in June), non-energy industrial goods (0.4 per cent, stable compared with June) and energy (-6.6 per cent, compared with -6.4 per cent in June).

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