ISTANBUL
The euro area economy grew 0.3% in the third quarter of this year, exceeding preliminary estimates, according to final data released Friday by Eurostat.
The figure followed a 0.1% quarter-on-quarter expansion in the previous quarter, while in the July-September period, Eurostat had initially estimated that the euro area economy would grow by 0.2%.
Across the European Union, gross domestic product (GDP) expanded 0.4% during the same period.
Among member states, Denmark posted the strongest quarterly growth, with GDP rising 2.3%, followed by Luxembourg and Sweden, both growing 1.1%.
Meanwhile, Ireland and Finland saw the largest contractions, with output down 0.3% for both, while Romania posted a 0.2% decline.
On an annual basis, the eurozone’s GDP expanded 1.4%, compared to 1.6% for the wider EU, Eurostat said.
The eurozone represents the 20 member states that use the euro as their official currency.
