Europe

Euro-area growth slows to 0.4 percent in third quarter

Eurostat’s first estimate showed output rising in both the euro area and the wider EU.

Aerial view of docks and industrial facilities at Maasvlakte
The Maasvlakte port area in the Netherlands. File photo. Web-sized copy. Nitot · CC BY-SA 3.0

The euro area's economy grew 0.4 percent in the third quarter compared with the previous three months, according to Eurostat's October 30 flash estimate. That followed an increase of 0.6 percent in the second quarter.

Across the wider European Union, gross domestic product rose 0.5 percent after growing 0.7 percent in the preceding quarter. Both comparisons use seasonally adjusted data so regular patterns during the year have less influence on the results.

The figures are an early reading of economic activity. Eurostat will revise the estimates as it receives more complete information from member states.

Sources

  1. ec.europa.eu