Eurozone GDP fell in the third quarter
In line with the first estimate, the GDP of the Eurozone decreased in the third quarter in a quarter-on-quarter comparison, while that of the EU stagnated instead of the previously announced growth, according to the second estimate of Eurostat, the statistical office of the European Union, presented on Tuesday.
Based on the non-final data published by Eurostat on Tuesday, the euro area’s gross domestic product (GDP) decreased by 0.1 percent in the third quarter compared to the second quarter, when a 0.2 percent increase was registered. In the three months ending at the end of September, the GDP in the European Union stagnated instead of the 0.1 percent growth in the first estimate compared to the previous three months, when stagnation was also recorded.
In the euro area, GDP growth slowed to 0.1 percent year-on-year from the 0.5 percent recorded in the second quarter, while in the EU the rate of expansion also slowed to 0.1 percent from the 0.4 percent in the second quarter.
Final GDP data for the third quarter, based on more complete data, will be published on December 7.
Related news
GKI: Road to “economic neutrality”: Declining West?
The global economic and geopolitical analyzes of recent years are…
Read more >Márton Nagy: sixteen-point deregulation package for the development of tourism
The Ministry of National Economy jointly with the Hungarian Tourism…
Read more >Small and medium-sized enterprises have an important role to play in economic recovery
In the coming years, small and medium-sized enterprises (SMEs) will…
Read more >Related news
“Road to economic neutrality” – Eastern or Western opening?
An important element of the government’s economic strategy and communication…
Read more >The distributor of Rama and Flora margarines has changed its name
The domestic distributor of the well-known and popular Rama, Flora,…
Read more >Henkel Hungary also set out the pink ribbon this year
The “Pink October” campaign started last year continues. The movement…
Read more >