GDP per capita in Eurozone
Eurozone - GDP per capita (Euros)
Growth sinks in Q2 on downbeat consumption and exports
A third estimate confirmed that the Eurozone economy lost traction in the second quarter, suppressed by a weaker performance from both the domestic and external sides of the economy. According to Eurostat, GDP increased a seasonally-adjusted 0.2% in Q2 from the previous quarter, half that of Q1’s 0.4% expansion. Q2’s reading was unchanged from the two flash estimates and marks one of the slowest readings in the past four years.
Household spending growth decelerated to 0.2% over the previous quarter in Q2, from Q1’s 0.4% and driving the slowdown in the domestic economy. Diminishing gains in the labor market and lower confidence likely contributed to the slowdown. On a brighter note, fixed investment growth accelerated from 0.2% in Q1 to 0.5% in Q; government consumption, however, slid from 0.4% growth to 0.3%.
The external sector subtracted marginally from growth in the quarter as exports growth stalled. Exports growth flatlined in Q2, amid a subdued global economy and overall adverse external environment (Q1: +0.9% quarter-on-quarter). Import growth also slowed, coming in at 0.2% in Q2, from 0.4% in Q1.
Compared with the same quarter of 2018, seasonally-adjusted GDP rose 1.2% in Q2, slightly below Q1’s 1.3%.
FocusEconomics Consensus Forecast panelists expect the Eurozone economy to expand 1.1% in 2019, which is unchanged from last month’s forecast. For 2020, panelists see the economy expanding 1.3%.
Eurozone - GDP per capita (EUR) Data
|GDP per capita (EUR)||29,949||30,562||31,539||32,326||33,405|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||1.10||0.65 %||Sep 04|
|Stock Market||1,175||-0.52 %||Sep 04|
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October 16, 2019
Complete data revealed harmonized inflation fell to 0.8% in September, down from August’s 1.0% and a notch below the preliminary estimate.
October 14, 2019
Industrial output returned to growth in August, contrasting two months of contractions.
October 1, 2019
According to a preliminary estimate released by Eurostat on 1 October, harmonized inflation inched down to 0.9% in September from August’s 1.0%, printing the lowest reading in close to three years.
September 30, 2019
Labor market conditions in the common currency bloc tightened in August, according to data released by Eurostat.
September 24, 2019
Sentiment in the Eurozone dropped sharply in September, reversing August’s marginal gains.