Eurozone employment grows in Q3, GDP at 0.4%

14th Nov 2024 10:13

(Sharecast News) - Employment in the eurozone rose slightly more than expected in the third quarter, while the economy's growth rate was 0.4%, according to official flash estimates published on Thursday.

Employment in the eurozone grew by 0.2% quarter on quarter, with an annual growth rate of 1% from 0.9% three months earlier.

Meanwhile, in a separate release from the official stats agency Eurostat, eurozone industrial production fell more than expected in September.

Industrial production fell 2% compared to the previous month and more than a 1.4% decline predicted by economists.

The previous month's 1.8% growth figure was revised down to 1.5%.