05 December 2019

GDP up by 0.2% and employment up by 0.1% in the euro area

Seasonally adjusted GDP rose by 0.2% in the euro area (EA19) and by 0.3% in the EU28 during the third quarter of 2019. The number of persons employed increased by 0.1% in both the euro area and the EU28 in the third quarter of 2019 compared with the previous quarter.

Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.2% in the euro area and by 1.4% in the EU28 in the third quarter of 2019, after also +1.2% and +1.4% respectively in the previous quarter.

GDP growth by Member State

Among Member States for which data are available for the third quarter of 2019, Poland (+1.3%), Hungary (+1.1%) and Estonia (+1.0%) recorded the highest growth compared with the previous quarter, followed by Bulgaria, Croatia and Slovenia (all +0.8%). The lowest growth was observed in Germany, Italy and Austria (all +0.1%).

Employment growth in the euro area and EU28

The number of persons employed increased by 0.1% in both the euro area and the EU28 in the third quarter of 2019 compared with the previous quarter. In the second quarter of 2019, employment increased by 0.2% in the euro area and 0.3% in the EU28.

Compared with the same quarter of the previous year, employment increased by 0.9% in the euro area and by 0.8% in the EU28 in the third quarter of 2019 (after +1.2% and +1.0% respectively in the second quarter of 2019).

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