Eastern Europe leads EU growth into 2014

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Romania, Hungary and Latvia emerge the star pupils in the latest survey on growth in the EU.

Eurostat says GDP growth accelerated in the 28-member European Union in the third quarter by 0.2%. Among nations making data available, Romania led with 1.6%, Latvia with 1.2%, followed by Hungary and Great Britain, both with 0.8%.

However two of the eurozone’s big economies France and Italy both contracted by 0.1%. Only Cyprus and the Czech Republic did worse.

Above-average growth was recorded by the financial and insurance, property, professional and support services, and administration and other public service sectors.

Underperforming sectors included information and communications, construction, industry, mining, and manufacturing.

The report confirms expectations of a strong end to 2013, and a stronger start to 2014.

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