The eurozone economy grew by 0.4% in the third quarter of 2024 compared to the previous three months, according to a report by the European Union Statistical Office (Eurostat).
This is the highest quarterly increase in two years. The consensus forecast of experts surveyed by Trading Economics also assumed that GDP growth would remain at 0.4%.
In annualized terms, the eurozone’s GDP grew by 0.9% in July-September, which also coincided with market expectations. In the second quarter, the euro area economy grew by 0.2% quarter-on-quarter and 0.5% year-on-year. In the third quarter, consumer spending in the euro area increased by 0.7% compared to the previous three months, government spending by 0.5%, and gross fixed investment by 2%. Exports decreased by 1.5%, while imports increased by 0.2%.
Germany’s GDP in the third quarter increased by 0.1% compared to the previous quarter and decreased by 0.3% in annual terms, France’s increased by 0.4% and 1.2% respectively, Italy’s remained unchanged quarter-on-quarter and increased by 0.4% in annual terms.
The EU economy in July-September grew by 0.4% compared to the second quarter and by 1% compared to the same period last year.
Earlier, the Experts Club think tank released a video analysis of the economies of Ukraine, Europe, and the world, see the video on the Experts Club YouTube channel for more details: https://www.youtube.com/watch?v=grE5wjPaItI
http://relocation.com.ua/ekonomika-ievrozony-v-tretomu-kvartali-2024-roku-zrosla-na-0-4/
The number of bankrupt companies in the EU in the second quarter of 2023 increased for the sixth consecutive quarter and reached 106, the highest since the beginning of data recording, i.e. since 2015, according to the European Union Statistical Office (Eurostat).
In quarterly terms, the number of bankruptcies increased by 8.4%.
At the same time, the number of new company registrations decreased by only 0.6% to 124. The figure has been stable around 120 companies since the third quarter of 2020 after falling to 80 at the height of the coronavirus pandemic.
The most notable increase in the number of bankruptcies in April-June was recorded in the hotel and catering sectors (by 23.9% compared to the first quarter), as well as in the transport and warehousing sector (by 15.2%).
The number of bankruptcies also increased in almost all sectors compared to the pre-pandemic fourth quarter of 2019. The only sectors where the number of bankruptcies decreased during this period were industry (-11.5%) and construction (-2.7%).
