(Eurostat) The euro area recorded a 2.0% quarter-over-quarter jump in the gross domestic product in the second quarter, exceeding the EU’s 1.9% in the same period.
The GDP jump was a robust gain as it fell 0.3% and 0.1% in the euro area and EU, respectively.
On a year-over-year basis, GDP rose by 13.6% in the euro area and 13.2% in the EU in the second quarter.
The GDP increase in the euro area and EU exceeded that of the US, which saw an increase of 1.6% in the second quarter.
Employment also increased in the second quarter, with the EU leading at 0.6% jump, while the euro area had a 0.5% rise from the first quarter.
Compared to the similar quarter of last year, employment was up 1.8% in both the euro area and EU.
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