The growth rate in the euro zone is slowing to 0.3 percent in the second quarter, compared with the first quarter, according to new preliminary data from the EU statistical office Eurostat. Growth in the first quarter was 0.6 percent, according to revised figures.
GDP growth is 1.6 per cent compared with the second quarter last year, which is slightly better than expectations.
Earlier today came figures showed that France’s GDP growth has stopped completely in July, while growth in Spain slowed more than expected.
Inflation in the 19 euro countries rose by 0.2 percent in July, compared with 0.1 percent the month before, according to Eurostat. Higher prices, including food, alcohol and tobacco are behind the development.
Economists had expected inflation to remain at the same level as in June.
The unemployment rate remains at the same level in June, 10.1 percent.
No comments:
Post a Comment