Eurozone GDP maintains growth, raises 0.4%

Eurozone’s economy boosts in first semester. The Gross Domestic Product (GDP) of the countries of euro zone maintained its growth rate between January and March of 2019, with a raise of 0.4%, regarding the three previous months. In comparison with a year before, the GDP has increased 1.2%, according to the data published this Thursday by the European statistical office Eurostat.

In the whole European Union (EU), the economy raised 0.5% between January and March regarding the three previous months, while it continued in 1.5% in comparison with the first quarter of 2018.

Within the member states whose data is available for the first quarter of 2019, Croatia registered the greatest growth regarding the previous quarter, with a raise of 1.8%. It is followed by Hungary and Poland, both with a growth of 1.5%.

During the first quarter of the year, the expenditure of home’s final consume grew 0.5% in Eurozone, as well as in the European Union, after the raises of 0.3% and 0.4%, respectively, in the previous quarter.

On the other hand, in the Eurozone the employment increased 0.3%, the same percentage than in the whole European Union, in the first quarter of 2019, in comparison with the previous quarter. Regarding the same period of 2018, the number of employees raised 1.3% in the Eurozone and 1.2% in the European Union.