Insider Economy GDP rises by 0.2% in both the euro area and in the...

GDP rises by 0.2% in both the euro area and in the EU28 and by 0.7% in Cyprus during Q2 2019

Seasonally adjusted GDP rose by 0.2% in both the euro area (EA19) and in the EU28 and by 0.7% in Cyprus during the second quarter of 2019, compared with the previous quarter, according to a flash estimate published by Eurostat, the statistical office of the European Union.

According to Eurostat, in the first quarter of 2019, GDP had grown by 0.4% in the euro area by 0.5% in the EU28, again by 0.7% in Cyprus and by 0.2% in Greece (latest available data).

Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 1.1% in the euro area by 1.3% in the EU28 and by 3.2% in Cyprus in the second quarter of 2019, after +1.2%, +1.6% and 3,5% respectively  in the previous quarter. GDP grew in Greece by 1.3%.

During the second quarter of 2019, GDP in the United States increased by 0.5% compared with the previous quarter (after +0.8% in the first quarter of 2019). Compared with the same quarter of the previous year, GDP grew by 2.3% (after +2.7% in the previous quarter).

Meanwhile, the number of employed persons increased by 0.2% in both the euro area and the EU28 in the second quarter of 2019, compared with the previous quarter. In the first quarter of 2019, employment had grown by 0.4% in both the euro area and the EU28. Compared with the same quarter of the previous year, employment increased by 1.1% in the euro area and by 1.0% in the EU28 in the second quarter of 2019, after +1.3% and +1.2% respectively in the first quarter of 2019.

(Cyprus News Agency)

Top Stories

Fourteen new corona virus cases detected out of 3,539 tests

According to the Epidemiological Surveillance Unit of the Ministry of Health 14 new cases of the SARS-CoV-II virus were detected out of a total...

Cyprus will stand by Lebanon, FM wrote in Book of Condolence

Cyprus will stand by Lebanon during these challenging times and will provide all possible aid and support in an effort to alleviate the immense...

Cyprus stands ready to offer any help that Lebanon requests, Justice Minister says

Cyprus Justice and Public Order Minister Emily Yiolitis has said that Cyprus is ready to offer any help that Lebanon requests. Yiolitis visited on Friday...

Four-member team of ‘Volunteer Doctors Cyprus’ travels to Beirut Sunday

A four-member team of "Volunteer Doctors Cyprus" departs on Sunday for Beirut to offer assistance at local hospitals. The team will provide help for the...

Cyprus’ Agriculture Minister expects joint meeting with EU Commissioners to discuss halloumi registration

Cyprus’ Minister of Agriculture Costas Kadis said on Friday that he expects a joint meeting to be arranged with competent European Commissioners, in order...

Taste

Octopus ‘Kathisto’ (or Octopus braised in Wine)

Ingredients: 1/2 cup Greek extra virgin olive oil 2 medium onions, chopped fine 1 large octopus, about 2kg (cleaned and kept whole) 3/4 cup dry red wine 1/3 cup...

Homemade lemonade

Ingredients: 1 cup lemon juice 1 cup sugar Method: Thoroughly wash the lemons with soap and warm water. Roll each lemon with the palm of your hand, pressing...

‘Striftaria’ mini cheese pies

Ingredients 1 ½ cup milk 2 tbsps. flour 4 tsps. of butter 3 eggs, slightly beaten + 1 extra with 1 tbs. of milk for spreading 1 pack of...

Mini potato canapes baked on salt

Ingredients Serves: 12 1kg small Cypriot potatoes rock salt, as needed 250g salted butter 300ml full fat cremé frâiche 1 pot cod or salmon roe Method Prep:20min › Cook:35min › Ready in:55min Take...