The euro zone economy offered a mixed picture of health on Friday with the rate of growth slowing, the unemployment rate unchanged and a lackluster uptick in the inflation rate.
Data from the regional statistics body Eurostat showed euro zone gross domestic product (GDP) expanded 0.3 percent quarter-on-quarter (slowing down from a 0.6 percent expansion seen in the first three months of the year) and that unemployment in the 19-country bloc was unchanged at 10.1 percent in June.
Inflation remained low in July, ticking up 1 percentage point to 0.2 percent year-on-year.
The triple whammy of euro zone data reveal that the single currency area is still stuck with lukewarm growth, low inflation and stubbornly high unemployment levels in some of its member countries.
The halving in the region's economic growth rate was not altogether surprising, however, given a stalling in France's economy in the second quarter.