Eurozone: GDP up by 2.0% and employment up by 0.5% in the second quarter

According to a flash estimate published by Eurostat, in the second quarter of 2021, seasonally adjusted GDP increased by 2.0% in the euro area and by 1.9% in the EU, compared with the previous quarter. In the first quarter of 2021, GDP had declined by 0.3% in the euro area and 0.1% in the EU.

Compared with the same quarter of the previous year, seasonally adjusted GDP increased by 13.6% in the euro area and by 13.2% in the EU in the second quarter of 2021, after -1.3% in both zones in the previous quarter

During the second quarter of 2021, GDP in the United States increased by 1.6% compared with the previous quarter (after +1.5% in the first quarter of 2021). Compared with the same quarter of the previous year, GDP increased by 12.2% (after +0.5% in the previous quarter).

The number of employed persons increased by 0.5% in the euro area and by 0.6% in the EU in the second quarter of 2021, compared with the previous quarter. In the first quarter of 2021, employment had decreased by 0.2% in both the euro area and the EU. Compared with the same quarter of the previous year, employment increased by 1.8% in both the euro area and in the EU in the second quarter of 2021, after -1.8% and -1.6% respectively in the first quarter of 2021.