Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Euro zone economic growth slows year on year in fourth quarter, employment up

Published 02/14/2019, 05:29 AM
Updated 02/14/2019, 05:29 AM
© Reuters.  Euro zone economic growth slows year on year in fourth quarter, employment up

BRUSSELS (Reuters) - The euro zone economy slowed as expected year-on-year in the last three months of 2018 as growth in Germany came to a halt and Italy slipped into recession, official data showed on Thursday confirming earlier estimates.

The European Union's statistics office Eurostat said gross domestic product in the 19 countries sharing the euro currency rose 0.2 percent quarter-on-quarter for a 1.2 percent year-on-year increase, slowing from 1.6 percent year-on-year in the third quarter.

The figures, which are still subject to possible revision, were in line with market expectations and with Eurostat's earlier preliminary estimate.

Eurostat also said employment in the euro zone rose 0.3 percent quarter-on-quarter in the last three months of 2018 and was 1.2 percent higher than in the same period a year earlier.

Latest comments

File photo of worker of German steelmaker? LMAO
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.