NEWS· 1 min read
Eurozone economic growth holds steady
The Eurozone economy expanded 0.4% quarter over quarter, according to preliminary estimates, matching market expectations and the previous reading.
Annual GDP growth also remained unchanged at 1.3%, in line with forecasts. Meanwhile, quarterly employment growth stalled at 0.0%, down from a 0.1% increase in the previous period.
On the trade front, the non-seasonally adjusted (NSA) trade deficit narrowed to €10.3 billion from €16.1 billion previously. However, the other reported trade balance measure showed a €8.7 billion deficit, widening from €7 billion. The figures highlighted stable economic growth alongside weaker employment momentum and mixed developments in external trade.