Eurozone growth stalls

The French economy failed to grow after a strong first quarter...

Eurozone growth stalls

Picture by: Thanassis Stavrakis / AP/Press Association Images

Growth across the eurozone halved during the past quarter, falling from 0.6% to 0.3% in the three months to the end of June.

Growth across the whole of the EU was slightly stronger at 0.4%.

The main talking point is the drop-off in France's economic expansion - it registered growth of 0.7% in the first quarter - but recorded no growth during the second quarter.

However, inflation did rise, with prices up by 0.2% in July, following a 0.1% increase in June - this is still a million miles from the European Central Bank's (ECB) target rate of 2%.

Increases in the prices of food, alcohol & tobacco were off-set by low energy costs.

In June eurozone unemployment remained at 10.1% - with Irish figures below both the EU and euro bloc averages.