Eurozone economy growth slows in Q3

Eurozone economy growth slows in Q3
The GDP of the Eurozone has registered a growth of 0.6% in Q3-17

Mubasher: The economy growth in the euro area has slowed down in the third quarter of 2017; however it came in line with the analyst’s expectations.

On Tuesday, Eurostat published data on the gross domestic product (GDP) of the euro area, in addition to industrial production reports.

The GDP of the Eurozone has registered a growth of 0.6% in Q3-17 compared to a growth of 0.7% in Q2.

Economic analysts have forecast that the euro area GDP will rise 0.6% in the period from July to September 2017.

On the annual level, the economy growth of the euro area registered 2.5% in Q3.

By 05:48 GMT, the EUR rose by 0.43% against the USD to $1.1717.

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Source: Mubasher

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