FOREX TradingCharts.com

Financial News: Eurozone GDP Falls Less Than Estimated In Q1

Eurozone GDP Falls Less Than Estimated In Q1

06/08/2021 - 05:55:00 (RTTNews)

(RTTNews) - The euro area economy shrank less than previously estimated in the first quarter, revised data from Eurostat showed on Tuesday.

Gross domestic product fell 0.3 percent sequentially in the first quarter, following a 0.6 percent drop in the fourth quarter. The decline for the first quarter was revised down from -0.6 percent.

Year-on-year, GDP declined 1.3 percent versus a 4.7 percent fall in the previous quarter. According to previous estimate, GDP was down 1.8 percent.

The expenditure-side breakdown showed that household spending dropped 2.3 percent on quarter and government spending remained flat in the first quarter. Meanwhile, gross fixed capital formation grew 0.2 percent.

At the same time, exports gained 1 percent and imports grew 0.9 percent. The changes in inventories contributed 0.7 percentage points to GDP. Further, data showed that in the first quarter, 157.6 million people were employed in the euro area. In relation to the COVID-19 pandemic, employment in persons was 3.4 million in the euro area below the level of the fourth quarter of 2019.

Employment decreased 0.3 percent sequentially in the first quarter and by 1.8 percent from the same period of last year.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Greece Current Account Deficit Widens In April (12 hr(s), 23 min(s), 03 sec(s) ago)
(RTTNews) - Greece's current account deficit widened notably in April from the last year due t ...Full Story»

UK Inflation Expectations Slow In May: BoE/Kantar Survey (12 hr(s), 38 min(s), 03 sec(s) ago)
(RTTNews) - Britons' inflation expectations for the coming year slowed in May, the latest Bank ...Full Story»

Portugal Producer Prices Accelerate In May (14 hr(s), 16 min(s), 03 sec(s) ago)
(RTTNews) - Portugal's producer prices accelerated in May, figures from Statistics Portugal sh ...Full Story»

UK Retail Sales Decline In May (14 hr(s), 31 min(s), 03 sec(s) ago)
(RTTNews) - UK retail sales dropped in May as the reopening of all retail sectors and the easing o ...Full Story»

Croatia Jobless Rate Falls In May (15 hr(s), 27 min(s), 03 sec(s) ago)
(RTTNews) - Croatia's jobless rate declined in May, figures from the Croatian Bureau of Statis ...Full Story»

Eurozone Current Account Surplus Rises In April (16 hr(s), 35 min(s), 03 sec(s) ago)
(RTTNews) - The euro area current account surplus increased in April, the European Central Bank re ...Full Story»

Poland Average Gross Wages Rise In May (16 hr(s), 50 min(s), 03 sec(s) ago)
(RTTNews) - Poland's average gross wages rose in May, data from Statistics Poland showed on Fr ...Full Story»

BoJ Keeps Stimulus Unchanged; Mulls Funding Plans To Address Climate Change (17 hr(s), 54 min(s), 03 sec(s) ago)
(RTTNews) - The Bank of Japan maintained its massive monetary stimulus and announced the introduct ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Greece Current Account Deficit Widens In April

06/18/2021 - 09:10 AM (RTTNews)
(RTTNews) - Greece's current account deficit widened notably in April from the last year due t ...Full Story>>

UK Inflation Expectations Slow In May: BoE/Kantar Survey

06/18/2021 - 08:55 AM (RTTNews)
(RTTNews) - Britons' inflation expectations for the coming year slowed in May, the latest Bank ...Full Story>>

Portugal Producer Prices Accelerate In May

06/18/2021 - 07:17 AM (RTTNews)
(RTTNews) - Portugal's producer prices accelerated in May, figures from Statistics Portugal sh ...Full Story>>

UK Retail Sales Decline In May

06/18/2021 - 07:02 AM (RTTNews)
(RTTNews) - UK retail sales dropped in May as the reopening of all retail sectors and the easing o ...Full Story>>

Croatia Jobless Rate Falls In May

06/18/2021 - 06:06 AM (RTTNews)
(RTTNews) - Croatia's jobless rate declined in May, figures from the Croatian Bureau of Statis ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.