HE gross domestic product Eurozone (GDP) recorded 0.1 percent decrease in the third quarter The highest figure of the year remained stable for the European Union (EU), according to updated data published this Thursday by the community statistical office Eurostat.
Despite the cooling in the European economy HE work increased by 0.2 percent in the same period In both the euro area and the EU, an increase of 0.1% was recorded compared to the previous quarter.
The data published today by Eurostat confirm the contraction of the euro zone, reflected both in the preliminary data published at the end of October and in the second forecast, which already reduces the behavior of the EU’s economic activity to 0%.
Eurozone GDP started the year with a record Zero progress in the first quarter and 0.1% growth in the second quarterTwentyseven’s rose 0.2% between January and March and recorded a flat rate of 0% between April and June.
Spain was the fastest-growing economy among the bloc’s major economies, with growth of 0.3%; However, this was below the 0.4% increase observed in the second quarter and the 0.6% increase seen in the first three months. year.
Germany recorded negative economic growth between July and September (-0.1%), after starting the year at 0% and a slight expansion of 0.1% between April and June.
HE GDP of France It also experienced a serious slowdown in the third quarter, recording negative economic growth, reaching -0.1%; This was two tenths below what was initially calculated by Eurostat, although it advanced by 0.6% between March and June.
Italyexperienced the opposite trend and increased by 0.1% after a 0.4% contraction in the second quarter.
Outside of the major economies, the largest decline in economic activity was in Ireland, with a 1.9 percent drop, followed by Estonia (-1.3 percent).
Among the EU countries that do not have a common currency, the economies that made the most progress were the Maltese economy with 2.4 percent and the Polish economy with 1.5 percent.
Examining each component of GDP shows that: Household final consumption increased by 0.3% between July and September eurozone In Twenty-seven, it was 0.4%, while public expenditures increased by 0.3% in both areas.
In terms of employment, Lithuania and Malta recorded the highest employment growth, with 1.4% in both cases compared to the previous quarter, followed by Spain (1.3%); The sharpest decline was seen in Estonia (-0.9%), the Czech Republic (-0.7%) and Finland (-0.6%).