Euro zone 3rd quarter GDP up 0.5%

Euro zone GDP grew 0.5 per cent in the third quarter from the second quarter and was up 2

Euro zone GDP grew 0.5 per cent in the third quarter from the second quarter and was up 2.7 per cent year-on-year, EU statistics office Eurostat said.

The figures are unchanged from Eurostat's previous estimates, published on November 30th.

Among the components of third-quarter GDP, Eurostat revised its estimates for household consumption to a rise of 0.7 per cent quarter-on-quarter from 0.6 per cent and for investment to a 0.6 per cent increase from 0.8 per cent.

Government spending also rose 0.6 per cent rather than the 0.8 per cent given earlier.

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Exports rose by 1.8 per cent of GDP rather than 1.7 per cent as estimated earlier, with imports increasing 2.4 per cent rather than 2.1 per cent.