Eurozone economy grew 0.4% in Q3, exceeding expectations, with Germany avoiding recession.

Eurozone's economy grew by 0.4% in Q3, exceeding expectations of 0.2% and matching the previous quarter's rate. Year-on-year growth rose from 0.6% in Q2 to 0.9%, surpassing forecasts of 0.8%. The EU27's GDP remained steady at 0.3% quarter-on-quarter and increased by 0.9% year-on-year, up from 0.8%. Notably, Germany avoided recession during this period.

October 30, 2024
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