Eurozone’s gross domestic product rose 2.2% on a quarterly basis in the July-September period, as stated in the flash estimate from the end of October.
- Eurostat stated that economic growth in the euro area was 3.7% higher than in Q3 of 2020, as the economy continued to record a strong recovery from pandemic-driven recession in 2020.
- The number of employed people rose by 0.9% in both the euro area and the EU in the Q3 of 2021 compared to the prior quarter, in line with the previous flash estimate.
- In Q2, employment had risen by 0.7% in the Eurozone and 0.8% in the EU.
The highest quarterly growth in the July-September period was in Austria at 3.3%, France, 3.0%, and Portugal with a 2.9% growth.
Euro Stoxx 50 up +0.36%, EUR USD up +0.02%