Eurozone GDP Growth Accelerates In Q3

(RTTNews) - Eurozone economic growth accelerated in the third quarter, a preliminary flash estimate published by Eurostat showed on Wednesday.

Gross domestic product increased 0.4 percent on a quarterly basis. GDP was expected to log 0.2 percent growth, the same rate as seen in the second quarter.

Year-on-year, economic growth improved to 0.9 percent from 0.6 percent in the second quarter. This was also better than economists' forecast of 0.8 percent.

The EU27 GDP posted a steady growth of 0.3 percent sequentially. On year, GDP advanced 0.9 percent after rising 0.8 percent.