The Eurozone continues to struggle through the recovery with the region's economy practically stagnating in the third quarter.
Gross domestic product (GDP) expanded 0.1% quarter-on-quarter, down from growth of 0.3% registered in the second quarter. Consensus had forecast a 0.2% expansion.
In an immediate reaction, the euro/dollar weakened further, even though individual member data had already suggested such a general reading.
Peripheral countries continue to be on the mend, but growth was shown to slow in the Eurozone's two major economies. Germany's GDP advanced only 0.3%, while France registered an unexpected contraction.
Source: LiveCharts
Gross domestic product (GDP) expanded 0.1% quarter-on-quarter, down from growth of 0.3% registered in the second quarter. Consensus had forecast a 0.2% expansion.
In an immediate reaction, the euro/dollar weakened further, even though individual member data had already suggested such a general reading.
Peripheral countries continue to be on the mend, but growth was shown to slow in the Eurozone's two major economies. Germany's GDP advanced only 0.3%, while France registered an unexpected contraction.
Source: LiveCharts
