Eurostat: GDP and employment both up 0.2% in euro area
Eurostat, the European statistics office, has issued its most recent estimates for GDP (gross domestic product) and employment in the euro area and the EU-28. According to the estimates for the third quarter of 2018, GDP and employment are both up by 0.2% in the euro area, while in the EU-28, GDP is up by 0.3% and employment by 0.2%. This is a smaller increase than in the second quarter of 2018, when GDP had grown by 0.4% in the euro area and by 0.5% in the EU-28.
Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.6% in the euro area and by 1.8% in the EU28 in the third quarter of 2018, after +2.2% and +2.1% respectively in the previous quarter.
Among Member States for which data are available for the third quarter of 2018, Malta (+3.6%) recorded the highest growth compared with the previous quarter, followed by Romania (+1.9%), Latvia and Poland (both +1.7%). Negative growth was observed in Lithuania (-0.3%), Germany and Sweden (both -0.2%) and Italy (-0.1%).
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