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Financial News: Eurozone GDP Remains Stable As Estimated

Eurozone GDP Remains Stable As Estimated

03/08/2024 - 05:32:00 (RTTNews)

(RTTNews) - The euro area economy remained unchanged in the fourth quarter, as initially estimated, revised data from Eurostat showed on Friday.

Gross domestic product flatlined sequentially, following a 0.1 percent fall in the third quarter. The fourth quarter's rate matched the estimate published on February 14.

On a yearly basis, the economy grew 0.1 percent, the same pace of growth as seen in the preceding period.

The number of employed persons gained 0.3 percent from a quarter ago after rising 0.2 percent in the third quarter.

Compared to a year ago, employment advanced 1.2 percent following a 1.4 percent rise in the prior period.

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