The euro zone economy recorded an expansion of 0.4% in the third quarter of the year, double the pace observed in the previous three months, while compared to the same period in 2023, annual growth was 0. 9%, according to preliminary data published by Eurostat.
In the European Union as a whole, GDP growth between July and September remained stable at 0.3%, while, compared to the same quarter of the previous year, seasonally adjusted GDP also increased by 0.9%.
Among the Member States for which data was available for the third quarter of 2024, Ireland (2%) recorded the largest increase compared to the previous quarter, followed by Lithuania (1.1%) and Spain (0.8% ). On the other hand, decreases were recorded in Hungary (-0.7%), Latvia (-0.4%) and Sweden (-0.1%).
Year-on-year growth rates were positive for seven countries and negative for six. Among the largest economies in the eurozone, in addition to Spain, Germany registered an expansion of 0.2% in the third quarter, after the 0.3% contraction of the previous three monthswhile in France the GDP grew by 0.4%, double that of the second quarter. In the case of Italy, the economy stagnated in the quarter, after expanding by 0.2% in the previous three months.
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