Expectations turn less positive
he latest figures from Eurostat, the statistical office of the European Union, paint a mixed picture of the eurozone and EU economy. While there are positive signs in terms of growth, production and employment, expectations for the future are becoming less positive.
Key points:
- Inflation stabilized: The inflation rate as measured by the Harmonized Index of Consumer Prices (HICP) remained unchanged in April 2024, a positive development after the increases of recent months.
- GDP growth: The eurozone’s Gross Domestic Product (GDP) experienced an increase in the first quarter of 2024, indicating a continued recovery from the pandemic.
- Improvement in production: Industrial production grew in March 2024, while construction output increased in February 2024.
- Retail sales up: Retail sales also registered an increase in March 2024, suggesting strong consumer demand.
- Stable employment: The unemployment rate remained stable in the eurozone in March 2024, and fell slightly in the EU as a whole.
- Less positive expectations: Despite the positive signs, economic sentiment and employment expectations declined in April 2024.
Overall, the current picture of the eurozone and EU economy is one of gradual recovery, but with some uncertainty about the future. The authorities will continue to closely monitor the evolution of economic indicators and take the necessary measures to support growth and stability.
For more information, consult Eurostat: