Euro zone GDP growth rate confirmed at four-year low
Reuters
Published Nov 14, 2018 05:44AM ET
Euro zone GDP growth rate confirmed at four-year low
BRUSSELS (Reuters) - The euro zone economy grew at its slowest pace in four years in the third quarter of 2018, while employment growth also eased during the period, data released on Wednesday showed.
Euro zone gross domestic product (GDP) rose by 0.2 percent in the July-Sept period, European statistics agency Eurostat reported, confirming its earlier preliminary flash estimate from Oct. 30.
This was the slowest rate of economic growth since the second quarter of 2014.
The economy of Germany, the euro zone's largest, contracted by 0.2 percent, France's was 0.4 percent stronger, while Italy's was unchanged in the quarter.
Eurostat also confirmed that the year-on-year GDP growth rate was 1.7 percent, the lowest level since the fourth quarter of 2014.
Eurostat also released for a first time flash estimates for employment. These showed that employment growth eased in the third quarter from the second.
The number of people employed in the euro zone increased by 0.2 percent quarter-on-quarter and by 1.3 percent year-on-year, compared with rates of 0.4 and 1.5 percent respectively in the second quarter.
Industrial production in September, the final month of the third quarter, was also weak, declining 0.3 percent month-on-month. The year-on-year rate was an increase of 0.9 percent.
Output declined for energy and for durable consumer goods both month-on-month and year-on-year.
For further details of Eurostat data click on:
http://ec.europa.eu/eurostat/news/news-releases
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.