Eurozone Q4 GDP growth revised higher again
By Benjamin Chiou
Date: Friday 07 Mar 2025
(Sharecast News) - The eurozone economy grew slightly more than previously thought in the fourth quarter, according to revised estimates from Eurostat on Friday.
Gross domestic product from across the single-currency region expanded by 0.2% over the final three months of 2024, slowing from the 0.4% growth registered in the third quarter but ahead of the 0.1% expansion first reported last month.
That was the second upwards revision to fourth-quarter data after figures released in January initially claimed that the euro area economy had stalled.
That means the eurozone expanded in every quarter of 2024, with GDP rising by 0.9% for the year after 0.4% growth in 2023.
According to Eurostat, fourth-quarter GDP growth was strongest in Ireland (3.6%) and Portugal (1.5%), while the biggest contractions were observed in Malta (-0.7%), Austria (-0.4%), Germany and Finland (both -0.2%).
Final revisions to the region's labour market data showed that the number of employed people totalled 171.25m in the fourth quarter, up from the earlier estimate of 171.17m. That was a 0.1% increase on the previous three months, unchanged from the prior estimate, though the year-on-year change was revised to 0.7% from 0.6%.
Special promo:
Trading the Forex Market? Visit FXmania.com to get advanced infomation about currencies and the Foreign Exchange
Market.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN