Eurozone Final GDP revised higher to 0.8% QoQ in Q2 vs. 0.6% expected

The Eurozone economy expanded by 0.8% on the quarter in the three months to June of 2022 vs. 0.6% prior, the final revision confirmed on Wednesday. The market consensus was for a reading of 0.6% in the reported period.

On an annualized basis, the bloc’s GDP rate rose by 4.1% in Q2 vs. 3.9% booked in the first estimate while matching 3.9% expectations.

Meanwhile, the bloc’s Q2 Employment Change arrived at 0.4% QoQ and 2.7% YoY. The employment data surpassed expectations across the time horizon.