GDP up by 0.3% and employment up by 0.3% in the euro area
GDP growth in the euro area and EU
In the first quarter of 2024, seasonally adjusted GDP increased by 0.3% in both the euro area and the EU, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union. In the fourth quarter of 2023, GDP had declined by 0.1% in the euro area and had remained stable in the EU.
Compared with the same quarter of the previous year, seasonally adjusted GDP increased by 0.4% both in the euro area and in the EU in the first quarter of 2024, after +0.1% in the euro area and +0.2% in the EU in the previous quarter.
During the first quarter of 2024, GDP in the United States increased by 0.4% compared to the previous quarter (after +0.8% in the fourth quarter of 2023). Compared with the same quarter of the previous year, GDP increased by 3.0% (after +3.1% in the previous quarter).
Employment growth in the euro area and EU
The number of employed persons increased by 0.3% in the euro area and by 0.2% in the EU in the first quarter of 2024, compared with the previous quarter. These are the same trends as observed in the fourth quarter of 2023.