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GDP up by 0.6% and employment up by 0.3% in the euro area

Autor: Financial Market
Timp de citit: < 1 minute

In the second quarter of 2022, seasonally adjusted GDP increased by 0.6% both in the euro area and in the EU, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union.

In the first quarter of 2022, GDP had grown by 0.5% in the euro area and by 0.6% in the EU.

Compared with the same quarter of the previous year, seasonally adjusted GDP increased by 3.9% in the euro area and by 4.0% in the EU in the second quarter of 2022, after +5.4% in the euro area and +5.5% in the EU in the previous quarter.

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During the second quarter of 2022, GDP in the United States decreased by 0.2% compared to the previous quarter (after -0.4% in the first quarter of 2022). Compared with the same quarter of the previous year, GDP increased by 1.6% (after +3.5% in the previous quarter).

Employment growth in the euro area and EU
The number of employed persons increased by 0.3% both in the euro area and in the EU in the second quarter of 2022, compared with the previous quarter. In the first quarter of 2022, employment had increased by 0.6% in the euro area and by 0.5% in the EU.