GDP down by 0.3% and employment down by 0.3% in the euro area - Products Euro Indicators

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null GDP down by 0.3% and employment down by 0.3% in the euro area

In the first quarter of 2021, seasonally adjusted GDP decreased by 0.3% in the euro area and by 0.1% in the EU compared with the previous quarter, according to an estimate published by Eurostat, the statistical office of the European Union. These declines follow falls in the fourth quarter of 2020 (-0.6% in the euro area and -0.4% in the EU) after a strong rebound in the third quarter of 2020 (+12.6% in the euro area and +11.7% in the EU). Before, the sharpest decreases since the time series started in 1995 were observed in the second quarter of 2020 (-11.5% in the euro area and -11.1% in the EU).

Additional information

Product Code: 2-08062021-AP
Theme: Economy and finance
Collection: Euro indicators