• Preliminary real GDP in the OECD area climbs 0.7% in the second quarter

Market news

14 September 2015

Preliminary real GDP in the OECD area climbs 0.7% in the second quarter

The Organization for Economic Cooperation and Development (OECD) released its preliminary real gross domestic product (GDP) growth figures on Monday. Real GDP of 34 OECD member countries rose 0.7% in the second quarter, after a 0.5% gain in the first quarter.

Real GDP of the United States was up to 0.9% from 0.2%, real GDP of Germany rose to 0.4% from 0.3%, while Britain's economy increased to 0.7% from 0.4%.

GDP of China rose 1.7% in the second quarter, up from 1.4% in the first quarter.

GDP of France dropped to 0.0% from 0.7%, Italy's economy decreased to 0.3% from 0.4%, while Japan's GDP plunged to -0.3% from 1.1%.

Eurozone's economy expanded at 0.4% in the second quarter, after a 0.5% rise in the first quarter.

On a yearly basis, GDP of 34 OECD member countries was up 3.2% in the second quarter, after a 3.2% gain in the previous quarter.

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