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Euro zone GDP remained stable in Q4 of last year

The euro zone economy increased by 0.1% in the fourth quarter of 2023 compared to the same time in 2022, Eurostat said today
The euro zone economy increased by 0.1% in the fourth quarter of 2023 compared to the same time in 2022, Eurostat said today

European statistics agency Eurostat has today confirmed its estimate that gross domestic product (GDP) in the euro zone remained stable in the fourth quarter compared to the previous three months.

Year-on-year the GDP increased 0.1%, Eurostat said, confirming its earlier estimate of 0.1% growth.

Meanwhile, euro zone employment rose by 0.3% quarter-on-quarter and rose by 1.2% year-on-year in the fourth quarter, the European Union statistics office also said today,.

Eurostat confirmed its earlier estimate for the quarterly figure and revised its earlier estimate for the year-on-year figure.

According to a Reuters poll, employment had been expected to rise 0.3% quarter-on-quarter and rise 1.3% year-on-year.