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Eurozone GDP grew by 0.2%

September, 06 2024
watermark Economic news

The Statistical Office of the European Union (Eurostat) has published final data on eurozone GDP growth in the second quarter. The eurozone economy grew by 0.2% compared to the previous three months and by 0.6% year-on-year, confirming preliminary estimates.


Despite the positive dynamics, consumer spending decreased by 0.1% compared to the previous quarter, and gross capital investment decreased by 2.2%. On the other hand, government spending increased by 0.6% and exports increased by 1.4%, while imports increased by 0.5%.


The dynamics of GDP in individual eurozone countries varies. Germany faced a 0.1% quarter—on-quarter GDP contraction, while France and Italy posted 0.2% growth and Spain 0.8%. 


Preliminary data on the dynamics of eurozone GDP in the third quarter will be published on October 30.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.