Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsForexCryptocurrenciesCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Euro zone GDP slows as expected in fourth-quarter, but employment beats consensus

share with twitter share with LinkedIn share with facebook
share via e-mail
02/14/2020 | 05:06am EST
The financial district with Germany's Deutsche Bank and Commerzbank is pictured in Frankfurt

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 0.1% contraction in the second biggest economy France and a 0.3% contraction in the third biggest Italy.

Growth Germany, the biggest euro zone economy, stagnated.

Eurostat also said that euro zone employment rose 0.3% quarter-on-quarter in the last three months of 2019 for a 1.0% year-on-year gain. Economists polled by Reuters had expected a 0.1% quarterly rise and a 0.8% annual increase.

Separately, Eurostat said the euro zone's trade surplus with the rest of the world was 23.1 billion euros in December, up from 16.3 billion a year earlier, bringing the total for the whole of 2019 to 225.7 billion, up from 194.6 billion in 2018.

Adjusted for seasonal factors, the trade surplus was 22.2 billion in December, up from 19.1 billion in November as exports rose 0.9% on the month and imports fell 0.7%.

(Reporting by Jan Strupczewski)

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news "Forex"
10:18pJPMorgan names veteran Gori as new Asia Pacific chief executive
RE
10:17pWaymo joins backlash against California self-driving data requirement
RE
10:16pFacebook to ban misleading ads about coronavirus
RE
10:09pAsian stocks slide deeper as pandemic fears grow
RE
10:05pAsian stocks slide deeper as pandemic fears grow
RE
09:52pDovish BOJ board member urges policy review, stronger steps to avert recession
RE
09:22pOil falls for fifth day as coronavirus spreads outside of China
RE
09:20pDollar holds advantage as coronavirus spread unsettles investors
RE
09:16pNEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
09:16pNEWS HIGHLIGHTS : Top Company News of the Day
DJ
Latest news "Forex"