Eurozone Q3 GDP Growth Weakest in 4 Years



The Eurozone economy grew 0.2 percent on quarter in the three months to September 2018, following a 0.4 percent expansion in the previous period and missing market expectations of a 0.4 percent advance, a flash estimate showed. It was the weakest growth rate since the second quarter of 2014.

Among countries for which data is already available, Italian economy stalled following a 0.2 percent expansion in the previous period. It was the weakest performance since the last quarter of 2014. On the other hand, France's GDP growth rate was the strongest in almost a year (0.4 percent vs 0.2 percent in Q2) and Belgium's economy expanded at a faster pace (0.4 percent vs 0.3 percent). Lithuania's GDP contracted for the first time in eight years (-0.4 percent vs 0.9 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 expanded 1.7 percent in the three months to September, following a 2.2 percent growth in the previous period and missing market consensus of 1.8 percent.

Considering the European Union as a whole, GDP growth eased to 0.3 percent quarter-on-quarter (vs 0.5 percent in Q2); and to 1.9 percent year-on-year (vs 2.1 percent in Q2).

Eurozone Q3 GDP Growth Weakest in 4 Years


Eurostat | Joana Ferreira | joana.ferreira@tradingeconomics.com
10/30/2018 10:32:05 AM