Eurozone CPI slowed to 1.1% yoy in July, down from 1.2%, matched expectation. Core CPI slowed to 0.9% yoy, down from 1.1% yoy, missed expectation of 1.0% yoy.
Eurozone GDP grew 0.2% qoq in Q2, slowed from Q1’s 0.4% qoq and matched expectations. Over the year, Eurozone GDP grew 1.1%. EU 28 GDP grew 0.2% qoq, 1.3% yoy.
Eurozone unemployment rate dropped to 7.5% in June, down from 7.6% in May, matched expectations. EU28 unemployment was unchanged at 6.3%. Among the Member States, the lowest unemployment rates in June 2019 were recorded in Czechia (1.9%) and Germany (3.1%). The highest unemployment rates were observed in Greece (17.6% in April 2019) and Spain (14.0%).
