Eurozone economic growth eased slightly as estimated in the third quarter on weak exports, second estimate published by Eurostat showed Tuesday.
Gross domestic product grew 0.3 percent sequentially in the third quarter, which was marginally below the 0.4 percent expansion seen in the second quarter.
On the expenditure side, government spending growth doubled to 0.6 percent from 0.3 percent. At the same time, the increase in household spending improved to 0.4 percent from 0.3 percent.
Investment remained flat after rising 0.1 percent a quarter ago. Meanwhile, exports grew only 0.2 percent after rising 1.6 percent in the second quarter. The increase in imports stayed unchanged at 0.9 percent.
Year-on-year, GDP climbed 1.6 percent in the third quarter, the same rate of growth as seen in the second quarter. The annual growth rate also matched economists’ expectations.
The EU28 expanded 0.4 percent sequentially and by 1.9 percent from the prior year. Both figures were left unrevised from prior estimate released on November 13.
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