Euro Area Economy Grows 1.6 Pct In Q3: Eurostat
Faizan Hashmi 7 days ago Fri 07th December 2018 | 08:07 PM
The European Union's statistical office announced on Friday the 28-member bloc's economic growth figures for the third quarter of 2018.
The office noted that the annual economic growth rates in EA19 and EU28 were 2.2 percent and 2.1 percent, respectively, in the previous quarter of this year.
Eurostat reported that Malta's economy recorded the highest growth rate in July-September this year, rising 7.9 percent.
Official data also showed that seasonally adjusted GDP rose by 0.
2 percent in the EA19 and 0.3 percent in the EU28 during the third quarter of this year, compared with the April-June period.
"Among member states for which data are available for the third quarter of 2018, Malta [3.6 percent] recorded the highest growth compared with the previous quarter, followed by Romania [1.9 percent], Latvia and Poland [both 1.7 percent]," Eurostat said.
Pointing the GDP components, Eurostat said the household final consumption expenditure rose by 0.1 percent in the euro area and by 0.3 percent in the EU28 on a quarterly basis.
"Imports increased by 0.5 percent in the euro area and 0.3 percent in the EU28"Meanwhile, Eurostate also announced that the number of persons employed increased by 1.3 percent in the EA19 and 1.2 percent in the EU28 in the third quarter of 2018, versus the same period last year.