In the second quarter of 2024, the Euro Area’s GDP grew by 0.3% quarter-on-quarter and 0.6% year-on-year, matching both the previous quarter’s growth and the preliminary estimates.
Employment in the Euro Area increased by 0.2% in the second quarter of 2024 compared to the previous quarter, and by 0.8% compared to the second quarter of 2023.
However, industrial production in the Euro Area decreased by 0.1% in June 2024 compared to May 2024, and was down by 3.9% compared to June 2023, with some analysts attributing the decline to specific regional factors.
