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The unemployment rate also remained stable throughout the European Union compared to May, stagnating at 6.9%. This is the lowest rate recorded in the EU28 for more than 10 years, ie May 2008. According to Eurostat, in June 17,105 million citizens were unemployed in the Union, including 13,570 million in the EU. euro. On an annual basis, unemployment fell by 1.657 million among the 28 and 1.146 million in the euro area.
In detail, the lowest unemployment rates in June were recorded in the Czech Republic (2.4%) and Germany (3.4%), while the highest were in Greece (20.2% in April) and in Spain (15.2%). Compared to June 2017, the unemployment rate has been revised downwards in all Member States. Cyprus (from 11 to 8.2%), Portugal (from 9.1% to 6.7%), Croatia (from 11.1 to 9.2%), Estonia (from 6.8 to 4.9%) and Spain (17 to 15.2%) experienced the most important changes.
Regarding unemployment under 25 years, it is also down on an annual basis in both the EU28 (-386,000 units) and the euro area (-266,000 units). In June, it stood at 15.2% in the first and 16.9% in the second, compared to 16.8% and 18.9% respectively a year earlier.
Inflation
Energy should know the highest annual rate in July (9.4%, compared to 8.0% in June), followed by food, alcohol & tobacco (2.5%, compared to 2.7% in June), services (1.4%, compared to 1.3% in June) and non-energy industrial goods (0.5%, compared to 0.4% in June).
GDP
During the second quarter 2018, GDP increased by 0.3% in the euro area and by 0.4% in the EU28 compared with the previous quarter, according to a preliminary quick estimate released Tuesday by Eurostat, the statistical office of the European Union . The increase was 0.4% in both the euro area and the EU28 in the first three months of the year
GDP grew by 2.1% in the euro area and 2.2% in the EU28 in the second quarter compared to the same period last year. Increases were already 2.5% and 2.4% respectively between January and March.
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