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Eurozone, EU GDP Slow in Q3 While Employment Climbs

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Euro with clothespin on a rope

 

Economic growth in both the Eurozone and the European Union climbed for the second straight quarter in the July to September period, albeit at a slower pace, while employment posted slight growth.

Source: Eurostat

EURUSD is up 0.04%.

The Eurozone economy posted annual growth of 3.7% in the third quarter, slower than the 14.2% climb recorded in the second quarter. EU economic growth slowed to 3.9% from 13.7% in the second quarter.

The fastest annual growths were recorded in Romania with 8.0%, Hungary with 6.1%, Lithuania with 6.0%, Denmark with 5.4%, Italy with 5.3%, and the Netherlands with 5.0%.

Employment for the quarter grew by 2.0%, faster than the 2.0% growth the previous quarter. EU employment growth jumped to 2.1% from 1.9% in the second quarter.

The United States economy posted an annual increase of 4.9% in the third quarter, following the 12.2% climb in the previous quarter.

 

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