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GDP up 0.2% and employment up 0.1% in the euro area

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Christian Fernsby ▼ | November 15, 2019
Seasonally adjusted GDP rose 0.2% in the euro area (EA19) and 0.3% in the EU28 during the third quarter of 2019, compared with the previous quarter, according to a flash estimate published Eurostat, the statistical office of the European Union.
Eurozone
European economies   In the second quarter of 2019, GDP had grown 0.2%
In the second quarter of 2019, GDP had grown 0.2% in both the euro area and the EU28.

Topics: GDP employment euro

Compared with the same quarter of the previous year, seasonally adjusted GDP rose 1.2% in the euro area and 1.3% in the EU28 in the third quarter of 2019, after +1.2% and +1.4% respectively in the previous quarter.

During the third quarter of 2019, GDP in the United States increased 0.5% compared with the previous quarter (after +0.5% also in the second quarter of 2019). Compared with the same quarter of the previous year, GDP grew 2.0% (after +2.3% in the previous quarter).

The number of employed persons increased 0.1% in both the euro area and the EU28 in the third quarter of 2019, compared with the previous quarter.

In the second quarter of 2019, employment had grown 0.2% in the euro area and 0.3% in the EU28.

Compared with the same quarter of the previous year, employment increased 1.0% in the euro area and 0.9% in the EU28 in the third quarter of 2019, after +1.2% and +1.0% respectively in the second quarter of 2019.

These data provide a picture of labour input consistent with the output and income measure of national accounts.

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