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DirectEconomic growth in the euro area slowed in the second quarter of this year on a quarterly and annual basis.
The gross domestic product (GDP) of the euro area grew by 1.1% year-on-year in the second quarter of 2019, compared with 1.2% in the first quarter, Wednesday's data revealed. # 39; Eurostat.
According to badysts' forecasts, the euro zone posted economic growth of 0.2% in the three months of June on a quarterly basis, compared to 0.4% for the period January-March.
Meanwhile, the eurozone employment rate slowed to stand at 0.2% from April to June, after 0.4% in the first quarter.
Economic data also revealed that euro area industrial production fell 1.6% in June from June, following a 0.8% rise in May.
Year-on-year, euro area industrial output fell 2.6% in June.
At 9:35 GMT, the euro was up 0.1% to $ 1,1183.
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