GDP up by 0.2% in the euro area and by 0.3% the EU28 and employment up by 1.2% in EU-28 (third quarter of 2018)

GDP up by 0.2% in the euro area and by 0.3% the EU28 +1.7% and +1.9% respectively in the third quarter of 2018, compared with the same quarter of 2017, according to the figures released today, 14 November, by Eurostat.

GDP figures

Seasonally adjusted GDP rose by 0.2% in the euro area (EA19) and by 0.3% in the EU28 during the third quarter of 2018, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union. In the second quarter of 2018, GDP had grown by 0.4% in the euro area and by 0.5% in the EU28.

Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.7% in the euro area and by 1.9% in the EU28 in the third quarter of 2018, after +2.2% and +2.1% respectively in the previous quarter.

During the third quarter of 2018, GDP in the United States increased by 0.9% compared with the previous quarter (after +1.0% in the second quarter of 2018). Compared with the same quarter of the previous year, GDP grew by 3.0% (after +2.9% in the previous quarter).

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Employment figures

Employment up by 0.2% in both the euro area and the EU28 +1.3% in euro area and +1.2% in EU28 compared with third quarter 2017

The number of persons employed increased by 0.2% in both the euro area (EA19) and the EU28 in the third quarter of 2018 compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union. In the second quarter of 2018, employment increased by 0.4% in both the euro area and the EU28. These figures are seasonally adjusted.

Compared with the same quarter of the previous year, employment increased by 1.3% in the euro area and by 1.2% in the EU28 in the third quarter of 2018 (after +1.5% and +1.4% respectively in the second quarter of 2018).

These data on employment provide a picture of labour input consistent with the output and income measure of national accounts.

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