The eurozone's economy expanded in the second quarter despite headwinds posed by the Middle East war, official data showed on Friday.
Gross domestic product registered 0.4% sequential growth in the second quarter after posting flat growth in the first quarter. Eurostat confirmed the preliminary estimates published on July 30.
On a yearly basis, economic growth doubled to 1%, as estimated, from 0.5% in the preceding period.
Data today showed that employment grew at a steady pace of 0.1% in the second quarter. Likewise, the annual increase in employment was stable at 0.5%.
The EU27 expanded at a pace of 0.5% sequentially in the second quarter, faster than the 0.1% increase a quarter ago. The annual GDP growth improved to 1.2% from 0.8%. The second quarter GDP figures matched estimates.
The statistical office is set to release revised data on September 7.