The Eurozone economy expanded by 0.4% in the quarter to September 2024, according to the second estimate published by Eurostat on Thursday.
The preliminary reading showed GDP in the 26-nation union rose 0.4% in the same period.
He GDP of the bloc rose at an annual rate of 0.9% in the third quarter compared to the initial estimate of 0.9%, aligning with market expectations.
Meanwhile, the Eurozone Employment Change for the third quarter stood at 0.2% quarter-on-quarter and 1.0% year-on-year.
Furthermore, Industrial Production of the old continent fell 2.0% monthly and 2.8% year-on-year in September, not reaching the market consensus.
EUR/USD reaction to Eurozone data
EUR/USD is at yearly lows due to mixed Eurozone data and was last seen trading at 1.0519, down 0.42% on the day.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
