Eurozone and EU GDP increased by 0.6%

new calculation Eurostat For the euro area, it represents one-tenth less than the value suggested in the preliminary estimate of 0.7% announced at the end of July, but remains unchanged in the bloc situation as a whole.

Thus, the growth of economic activity in the EU remains stable compared to the increase observed between January and March of this year and accelerates by one-tenth in the common currency countries that have expanded by 0.5 percent. first three months 2022.

with regard to second quarter By 2021, this represents economic growth of 3.9% in the euro area and 4% in the Twenty-Seven, lower than the increases of 5.4% and 5.5%, respectively, observed in the first three months of the year.

German economy by country stagnant between April and June This year and 0% growth compared to 0.8% expansion in the previous quarter. At an inter-year rate, the bloc’s largest economy grew by 1.5%.

France recorded an economic growth of 0.5% in the second quarter. gala economy rAfter a 0.2% drop in the first quarter, the broadening rebounded on the road. Compared to 2021, French GDP increased by 4.2%.

Spain It recorded the highest growth among the four major euro economies, with economic growth of 1.1% in the first quarter, just one-tenth higher than Italy and nine-tenths higher than the increase between January and March. Spain’s annual economic growth was 6.3%.

Lower job creation

On the other hand, in the second quarter of 2022, the number of people employed in the Euro Area and the EU increased by 0.3% compared to the first three months of the year. increase was 0.6% and 0.5%respectively.

This represents a 2.4 percent increase in employment compared to the same quarter of 2021. common currency countries 2.3% and 2.3% across the block, compared with increases of 2.9% and 2.8% in the first quarter.