Growth in components of GDP
During the second quarter of 2008, household final consumption expenditure decreased by 0.2% in the euro area and by 0.1% in the EU27 (after 0.0% and +0.2% respectively in the previous quarter). Investments fell by 1.2% in the euro area and by 1.6% in the EU27 (after +1.5% and +0.9%). Exports declined by 0.4% in both the euro area and the EU27 (after +1.8% in both zones). Imports decreased by 0.4% in the euro area and by 0.5% in the EU27 (after +1.9% and +1.6%).
US GDP up by 0.8%, Japanese GDP down by 0.6%
In the United States GDP increased by 0.8% during the second quarter of 2008, after +0.2% in the first quarter. In Japan GDP decreased by 0.6% in the second quarter, after +0.8% in the previous quarter.
Compared with the second quarter of 2007, GDP rose by 2.2% in the United States (after +2.5% in the previous quarter) and by 1.0% in Japan (after +1.2%).