EMU: GDP falls 0.4% in Q3, as expected

FXstreet.com (Barcelona) - On a an annual basis Eurozone GDP decreased 0.4% in Q3, following a 0.5% fall registered the previous quarter, according to preliminary data released today by Eurostat. This result is lower than market consensus of -0.3%.

Quarter-over-quarter GDP rose 0.1% in Q3, down from +0.3% in Q2 and slightly below expectations of 0.2% growth.