Eurostat published its flash estimates of several macroeconomic indicators for the EU and the eurozone last week. It confirms what analysts have been suggesting for some time now – the EU is in a very sluggish but steady economic recovery. The GDP figures slowly rise. Last week´s indicators include inflation and unemployment.
Unemployment in the EU was 9.8% in February 2015, down from 9.9% in January 2015 and 10.5% in February 2014. In the eurozone, the corresponding numbers are 11.3% for February 2015, compared to 11.4% in January 2015 and 11.8% in February 2014. Both numbers present the best outcomes since September 2011 and May 2012 respectively.