Seasonally adjusted GDP rose by 0.1% in both the euro area (EA19) and the EU27 during the fourth quarter of 2019, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union. In the third quarter of 2019, GDP had grown by 0.3% in both zones. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 0.9% in the euro area and by 1.2% in the EU27 in the fourth quarter of 2019, after +1.2% and +1.5% respectively in the previous quarter. During the fourth quarter of 2019, GDP in the United States increased by 0.5% compared ... (full story)

Euro zone economic growth slowed as expected in the last three months of 2019 as gross domestic product shrank in France and Italy against the previous quarter, but employment growth picked up more than expected, official estimates showed on Friday. The European Union’s statistics office Eurostat said GDP in the 19 countries sharing the euro expanded 0.1% quarter-on-quarter in the October-December period, as announced on Jan 31, for a 0.9% year-on-year gain - a downward revision from the previously estimated 1.0% growth. The quarterly growth rate slowed compared to the 0.3% expansion in the third quarter because of a ... (full story)