Eurozone GDP Growth Falls Short of Estimate in Q2

Figures

The euro area economy expanded slightly less than estimated in the second quarter, the flash estimate from Eurostat showed on Thursday.

Gross domestic product (GDP) grew 0.6% in the second quarter instead of 0.7% estimated on July 29.

Nonetheless, this was faster than the 0.5% expansion seen in the first quarter.

At the same time, the annual GDP growth eased to 3.9% from 5.4% a quarter ago.

The annual rate was revised down from 4%.

The sequential growth in employment halved to 0.3% in the second quarter from 0.6% in the first quarter.

The rate was expected to ease to 0.4%.

On a yearly basis, employment gained 2.4%, weaker than the 2.9% rise in the preceding period and economists' forecast of 2.5%. 

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