The euro zone’s economy grew in line with preliminary estimates in the third quarter, revised data showed on Wednesday.
In a report, Eurostat said that the euro zone’s gross domestic product grew by a seasonally adjusted 0.1% in the third quarter, in line with expectations and unchanged from an initial estimate.
The euro zone’s economy grew by 0.3% in the preceding quarter.
Year-on-year, euro zone GDP fell 0.4% compared to a year earlier, in line with expectations and unchanged from a preliminary reading. The region’s economy shrank at an annualized rate of 0.6% in the preceding quarter.
Following the release of the data, the euro was little changed against the U.S. dollar, with EUR/USD shedding 0.01% to trade at 1.3588.
Meanwhile, European stock markets were mildly higher. The EURO STOXX 50 advanced 0.1%, France''s CAC 40 rose 0.35%, Germany''s DAX tacked on 0.2%, while the FTSE 100 added 0.1%.
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