GDP had also grown by 0.3 per cent QoQ in both zones in Q1 2024.

Seasonally-adjusted GDP increased by 0.6 per cent year on year (YoY) in the euro area and by 0.8 per cent YoY in the EU in Q2 2024, after rising by 0.5 per cent YoY in the euro area and 0.6 per cent YoY in the EU in Q1, an Eurostat release said.

The number of employed persons increased by 0.2 per cent QoQ in both the euro area and the EU in Q2 2024. In Q1, employment had grown by 0.3 per cent QoQ in both zones.

Employment increased by 0.8 per cent YoY in the euro area and by 0.7 per cent YoY in the EU in Q2 2024, after rising by 1 per cent YoY in the euro area and 0.9 per cent YoY in the EU in Q1.

Fibre2Fashion News Desk (DS)