EU GDP grows by 1.2% YoY in Q1 2023

News Image

MG News | May 17, 2023 at 03:44 PM GMT+05:00

0:00

May 17, 2023 (MLN): The EU gross domestic product (GDP) expanded by 1.2% YoY in the first quarter of 2023, Eurostat's provisional figures revealed on Tuesday.

While on a quarterly basis, EU GDP went up by 0.2% QoQ.

Notably, the EU GDP growth rate was 1.7% YoY in the previous quarter, and this quarter also marks the fifth consecutive slowdown in yearly basis growth.

The data further revealed the GDP growth rate was at 1.3% YoY in the euro area.

Among member states, the highest growth rate was posted by Spain with 3.8% YoY, followed by the Greek Cypriot administration with 3.4% YoY, and Romania with 2.8% YoY.

Meanwhile, four member states posted negative growth rates, which include Lithuania with a -3.4% YoY, Hungary with -1.1% YoY, Czech Republic with -0.2% YoY, and Germany with -0.1% YoY.

On the other hand, the EU growth rate of employment in persons stood at 1.6% YoY and 0.6% QoQ.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 136,108.57
204.95M
1.35%
1808.80
ALLSHR 84,973.33
655.23M
1.14%
955.17
KSE30 41,381.59
72.63M
1.39%
567.30
KMI30 193,320.95
66.96M
0.38%
731.79
KMIALLSHR 56,378.44
293.57M
0.55%
306.19
BKTi 38,185.34
24.26M
3.28%
1213.59
OGTi 28,150.50
4.19M
-0.32%
-89.77
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 122,960.00 123,615.00
118,675.00
4430.00
3.74%
BRENT CRUDE 70.88 71.29
70.35
0.52
0.74%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.25
0.26%
ROTTERDAM COAL MONTHLY 108.75 0.00
0.00
0.05
0.05%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.98 69.39
68.41
0.53
0.77%
SUGAR #11 WORLD 16.55 16.67
16.53
-0.02
-0.12%

Chart of the Day


Latest News
July 14, 2025 at 02:16 PM GMT+05:00

Saudi Riyal available at PKR 76.8 in open market


July 14, 2025 at 01:06 PM GMT+05:00

OGDC leads State-Owned firms in H1 FY25 profits


July 14, 2025 at 12:24 PM GMT+05:00

NHA tops SOE losses with around Rs2tr accumulated deficit


July 14, 2025 at 12:11 PM GMT+05:00

IHC suspends earlier ruling against TRG Pakistan


July 14, 2025 at 11:32 AM GMT+05:00

PIA shows Rs26bn profit, but actually in loss



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg