Eurozone GDP Growth Slightly Above Forecast
The Eurozone economy grew 0.2 percent on quarter in the three months to September 2019, the same pace as in the previous period and slightly above market expectations of 0.1 percent, a flash estimate showed.
10/31/2019 11:27:21 AM
Among countries for which data is already available, GDP growth was unchanged in France (at 0.3 percent), Spain (at 0.4 percent), Italy (at 0.1 percent), Austria (at 0.2 percent) and Latvia (at 0.7 percent); but slowed in Lithuania (0.1 percent vs 0.9 percent) and picked up in Belgium (0.4 percent vs 0.3 percent).
Germany, the biggest economy in the Euro Area, is expected to release preliminary GDP estimates in two weeks.
Compared with the same quarter of the previous year, the Euro Area economy grew 1.1 percent in the third quarter, easing from 1.2 percent expansion in the previous period. That was the weakest annual growth rate since the last quarter of 2013.
Considering the European Union as a whole, GDP growth accelerated to 0.3 percent quarter-on-quarter (vs 0.2 percent in Q2); and was unchanged at 1.4 percent year-on-year.