Eurostat: GDP +0.2% in Q2, trend +0.6%

In the second quarter of 2024, seasonally adjusted GDP increased by 0.2 % in both the eurozone and the EU, compared to the previous quarter. This was announced by Eurostat. In the first quarter of 2024, GDP had grown by 0.3% in both areas. Compared to the same quarter of the previous year, in the second quarter of 2024 seasonally adjusted GDP increased by 0.6% in the eurozone and by 0.8% in the EU, after +0.5% in the eurozone and +0.7% in the EU in the previous quarter.

In the second quarter of 2024, the number of employed persons increased by 0.2 % in the Eurozone and by 0.1 % in the EU compared to the previous quarter. Eurostat points out that in the first quarter of 2024, employment had grown by 0.3% in both areas. Compared to the same quarter of the previous year, employment increased by 0.8% in both the Eurozone and the EU in Q2 2024, following +1% in the Eurozone and +0.9% in the EU in Q1 2024. 2024. Hours worked increased by 0.2% in the euro area and by 0.1% in the EU in the second quarter of 2024, compared to the previous quarter. Compared to the same quarter of the previous year, hours worked increased by 1.4% in the euro area and by 1.2% in the EU.