Quarterly GDP up by 0.1% in the EU27 and the Euro area, by 0.8% in Cyprus during Q4 2019

Seasonally adjusted GDP rose by 0.1% in both the euro area (EA19) and the EU27 and by 0.8 in Cyprus 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 and by 0.5% in Cyprus and 0,6% in Greece.

Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 0.9% in the euro area, by 1.2% in the EU27 and by 3.2% in Cyprus in the fourth quarter of 2019, after +1.2%, +1.5% and +3,3% respectively in the previous quarter, while it increased by 2.3% in Greece. Q3 data are the latest available for Greece.

During the fourth quarter of 2019, GDP in the United States increased by 0.5% compared with the previous quarter (after +0.5% also in the third quarter of 2019). Compared with the same quarter of the previous year, GDP grew by 2.3% (after +2.1% in the previous quarter). According to an estimation of annual growth for 2019, based on quarterly data, GDP grew by 1.2% in the euro area and 1.4% in the EU

Meanwhile, the number of employed persons increased by 0.3% in the euro area and by 0.2% in the EU27 in the fourth quarter of 2019, compared with the previous quarter. In the third quarter of 2019, employment had grown by 0.1% in both zones. Compared with the same quarter of the previous year, employment increased by 1.0% in the euro area and by 0.9% in the EU27 in the fourth quarter of 2019, after +1.0% and +0.8% respectively in the third quarter of 2019. According to an estimation of annual growth for 2019, based on quarterly data, employment grew by 1.1% in the euro area and 1.0% in the EU27.

Source: Cyprus News Agency