The European Union’s GDP and employment are up over the previous quarter, according to a new flash estimate by Eurostat.
The bloc’s seasonally adjusted GDP has increased by 0.3%, while its employment has increased by 0.1%.
In the broader Eurozone area, seasonally adjusted GDP is up by 0.4% and employment by 0.2%.
“In the second quarter of 2024, employment had grown by 0.1% in both [E.U. and Eurozone] areas,” according to Eurostat.
Eurostat is the European Union’s statistical agency.
The European Union’s highest GDP growth rate over last quarter was Ireland’s at 2%, while Hungary’s and Latvia’s contracted the most at -0.7% and -0.4% respectively.
Germany and France, the bloc’s largest economies, increased their GDP at 0.2% and 0.4% from last quarter.
Industrial production decreased by 2% in September in both the E.U. and the Eurozone area, Eurostat also said today. In the previous month, production grew by 1.2% in the E.U. and 1.5% in the Eurozone.
Production increased for durable and non-durable consumer goods in both blocs, and dropped for energy and capital goods. Intermediate goods production decreased by 0.1% in the E.U. and remained stable in the Eurozone.
Industrial production declined most in Ireland, down 10.7%. Croatia’s production increased the most, by 5.8%.