GDP rises by 0.3% in Euro area in Q3
Quarterly GDP rose by 0.3% in the 19 eurozone countries over 0.4% in the previous quarter, according to final data from the statistical agency of the European Union (Eurostat). GDP growth in the region in annual terms made up 1.6%. Both figures correspond to the preliminary estimates and expectations of analysts surveyed by Bloomberg. Thus, the economic growth of the euro area slowed down in July-September. In II quarter euro-zone economy grew by 0.4% compared with the previous quarter and by 1.5% in annual terms. In the last quarter, the region's economy was supported by the growth in private consumption and public spending that compensated the low rate of increase in exports.