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The Eurozone economy expanded 0.2% in the third quarter

Autor: Financial Market
Timp de citit: < 1 minute

In the third quarter of 2022, seasonally adjusted GDP increased by 0.2% 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 second quarter of 2022, GDP had grown by 0.8% in the euro area and by 0.7% in the EU. Compared the same quarter of the previous year, seasonally adjusted GDP increased by 2.1% in the euro area and by 2.4% in the EU in the third quarter of 2022, after +4.3% in both the euro area and in the EU in the previous quarter.

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During the third quarter of 2022, GDP in the United States increased by 0.6% compared to the previous quarter (after -0.1% in the second quarter of 2022). Compared with the same quarter of the previous year, GDP increased by 1.8% (after +1.8% in the previous quarter).

Employment growth in the euro area and EU
The number of employed persons increased by 0.2% both in the euro area and in the EU in the third quarter of 2022, compared with the previous quarter. In the second quarter of 2022, employment had increased by 0.4% both in the euro area and in the EU.