In the first quarter of 2023, seasonally adjusted GDP decreased by 0.1% in the euro area and increased by 0.1% in the EU, compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union. In the fourth quarter of 2022, GDP had decreased by 0.1% in the euro area and by 0.2% in the EU. {chart} Compared with the same quarter of the previous year, seasonally adjusted GDP increased by 1.0% both in the euro area and in the EU in the first quarter of 2023, after +1.8% in the euro area and +1.7% in the EU in the previous quarter. {chart} During the first quarter ... (full story)