Eurozone: fourth quarter 2022 GDP +0.1%; employment +0.4%
Seasonally adjusted GDP increased by 0.1% in the euro area in the fourth quarter of 2022 and remained stable in the EU, compared to the previous quarter, according to a preliminary estimate published by Eurostat, the statistical office of the European Union. In the third quarter of 2022, GDP had grown by 0.3% in both the euro area and the EU.
According to a first estimate of annual growth for 2022, based on quarterly data adjusted for seasonal and calendar effects, GDP increased by 3.5% in the euro area and by 3.6% in the EU. Also in the last quarter of the year, the number of employed persons increased by 0.4% both in the euro area and in the EU. In the third quarter of 2022, employment increased by 0.3% in the euro area and by 0.2% in the EU. According to a first estimate of annual growth for 2022, based on quarterly data, employment increased by 2.2% in the euro area and by 2.0% in the EU.
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