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Market news

14 August 2019

Eurozone GDP and employment both up by 0.2% during the second quarter

According to a flash estimate published by Eurostat, seasonally adjusted GDP rose by 0.2% in both the euro area (EA19) and in the EU28 during the second quarter of 2019, compared with the previous quarter. In the first quarter of 2019, GDP had grown by 0.4% in the euro area and by 0.5% in the EU28.

Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.1% in the euro area and by 1.3% in the EU28 in the second quarter of 2019, after +1.2% and +1.6% respectively in the previous quarter.

The number of employed persons increased by 0.2% in both the euro area and the EU28 in the second quarter of 2019, compared with the previous quarter. In the first quarter of 2019, employment had grown by 0.4% in both the euro area and the EU28.

Compared with the same quarter of the previous year, employment increased by 1.1% in the euro area and by 1.0% in the EU28 in the second quarter of 2019, after +1.3% and +1.2% respectively in the first quarter of 2019.

Market Focus
  • Swiss government raises 2019 GDP growth forecast to 0.9% from 0.8% previously
  • Fed keeps rates on hold, points to 'favourable' economic outlook next year
  • German consumer price growth stabilised in November
  • French consumer prices rose by 0.1% in November, as expected

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