Eurozone Economy Outpaces Forecasts with 0.3 Percent Growth
The euro area posted 0.3% quarter-on-quarter growth between July and September, surpassing the 0.2% preliminary estimate and accelerating from the prior quarter's modest 0.1% advance.
Across the broader European Union, economic output climbed 0.4% during the three-month period.
Denmark dominated quarterly performance among member nations, delivering a robust 2.3% GDP increase. Luxembourg and Sweden followed with matching 1.1% expansions.
Conversely, Ireland and Finland experienced identical 0.3% contractions, marking the steepest declines, while Romania's economy shrank 0.2%.
Year-over-year comparisons showed the eurozone advancing 1.4%, trailing the EU's broader 1.6% annual expansion, Eurostat reported.
The eurozone encompasses 20 nations that have adopted the euro as their primary currency.
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