Eurozone economy grows 0.1pc in Q4

(Sharecast News) - The Eurozone economy grew 0.1% in Q424, according to Eurostat, ahead of preliminary estimates for a flat reading. The bloc's gross domestic product increased at an annual rate of 0.9% in Q4, in line with initial estimates of 0.9%, even as the EU's two largest economies contracted, with German GDP contracting by 0.2% and French GDP decreasing by 0.1%, while Italy stagnated for a second straight quarter. Year-on-year, Euro Area GDP grew by 0.9%.

Eurozone employment rose by 0.1% in the final three months of 2024 to 171.17m, slowing from the previous quarter's 0.2% increase but in line with preliminary estimates.

As far as employment was concerned, Q4's increase marked a 15th consecutive period of expansion, supporting the European Central Bank's argument that the EU's labour market remains tight. On an annual basis, Eurozone employment growth increased by 0.6% against 2023. Employment soared 0.9% in Spain and 0.3% in the Netherlands but stalled for a second straight quarter in Germany.















Reporting by Iain Gilbert at Sharecast.com