News Story

Euro Zone Economy Continues to Expand

- The euro zone economy grew as expected in the last quarter, according to official data released on Wednesday.

The European Union's statistics office Eurostat said gross domestic product in the euro area rose 0.6% quarter-on-quarter in the three months to September, in line with the preliminary estimate.

The euro area economy grew 2.5% year-on-year, as expected and the same as the second quarter.

The Euro dipped down after the data release. EUR/GBP was trading at 0.8942 compared to 0.8949 prior and EUR/USD at 1.175 from 1.1717 just before the report.

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