Euro area, 4th quarter GDP revised upwards: +1.2% on year

Euro Zone December consumer confidence worsens to 145 points

(Finance) – still revised up the GDP of the Eurozone in the 4th quarter of 2024. According to the Eurostat European statistical office, GDP was found in 0.2% increase on sequential basiscompared to 0.1% of the second estimate and the unchanged data of the flash estimate. In the previous quarter there was a growth of 0.4%.

On year there is a increase of 1.2%against +0.9% of the preliminary estimate. The data confronts the data +0.9% of the previous quarter.

In the’entire European Union (EU) The economy recorded a variation of +0.4% on an economic basis and 1.4% compared to the same quarter of the previous year.

Eurostat, in parallel, has also published an update onemployment In the 4th quarter, which marked an increase of 0.1% on the quarter (in line with consensus) and 0.7% on year (expected +0.6%).

(Photo: Mika Baumeister on UNSPLASH)

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