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Euro area GDP rises 0.1% in 4th quarter, meeting forecast

14.02.23 20:00
The eurozone gross domestic product (GDP) rose 0.1% quarter-on-quarter in the fourth quarter of last year, meeting the market forecast, according to preliminary data released on Tuesday.

The growth eased from 0.3% in the third quarter of 2022, the Eurostat data showed.

The EU economy, meanwhile, stagnated in the three months through December 2022 after growing 0.3% in July-September.

On a year-on-year basis, the GDP increased by 1.9% in the single currency zone and by 1.8% in the EU27.

In 2022, the eurozone and EU economies grew 3.5% and 3.6%, respectively.

In separate data, Eurostat said the number of employed persons in the eurozone increased by 0.4% to 165.1 million in October-December 2022.