• Preliminary real GDP in the OECD area climbs 0.4% in the first quarter

Market news

23 May 2016

Preliminary real GDP in the OECD area climbs 0.4% in the first quarter

The Organization for Economic Cooperation and Development (OECD) released its preliminary real gross domestic product (GDP) growth figures on Thursday. Real GDP of 34 OECD member countries rose 0.4% in the first quarter, after a 0.4% gain in the fourth quarter.

Real GDP of the United States was down to 0.1% from 0.3%, real GDP of Germany rose to 0.7% from 0.3%, while Britain's economy decreased to 0.4% from 0.6%.

GDP of France increased to 0.5% from 0.3%, Italy's economy was up to 0.3% from 0.2%, while Japan's GDP climbed to 0.4% from -0.4%.

Eurozone's economy expanded at 0.5% in the first quarter, after a 0.3% rise in the fourth quarter.

On a yearly basis, GDP of 34 OECD member countries was down 1.8% in the first quarter, after a 2.0% gain in the previous quarter.

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