GDP Jumps in the Euro Area and EU in Q3. Employment Rate Rises by 0.9%

Source: Eurostat 

Gross domestic product rose by 2.2% in the euro area in the third quarter of 2021 from the previous quarter. The GDP increased by a lower 2.1% in the EU. DAX is up +0.27%, EURUSD is up +0.04%. 

• GDP was up 3.7% and 3.9% in the euro area and EU, respectively from the prior year. 
• Employment rose by 0.9% in both the euro area and EU from the second quarter. The increase was higher than a jump of 0.7% and 0.8% increase in the euro area and EU, respectively.
• Compared to prior year, employment rose by a higher 2.1% in the EU and 2.0% in the euro area respectively.