Eurozone economy expands 0.2% in Q3, beating expectations
The euro area economy grew by 0.2% in the third quarter of this year, surpassing market expectations, according to preliminary data released Thursday by Eurostat.
The figure followed a 0.1% expansion in the previous quarter, which economists had also forecast for the July-to-September period, News.Az reports, citing foreign media.
Across the European Union, gross domestic product (GDP) increased by 0.3% during the same period.
Among member states, Sweden posted the strongest quarterly growth, with GDP rising 1.1%, followed by Portugal at 0.8% and Czechia at 0.7%.
Lithuania saw the largest contraction, with output down 0.2%, while Ireland and Finland each recorded a 0.1% decline.
On an annual basis, the eurozone’s GDP expanded 1.3%, compared to 1.5% for the wider EU, Eurostat said.
The eurozone represents the 20 member states that use the euro as their official currency.
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