The euro zone continued growing at a moderate pace in the third quarter of this year, the European statistical office, Eurostat, said Monday.
The euro area posted GDP (gross domestic product) growth of 0.3 percent in the last three months, compared to the second quarter of this year. This initial reading met analyst expectations in a Reuters poll. The 19-member economy saw growth of 1.6 percent year-on-year.
Inflation figures, released at the same time, also saw a rise in October. Flash Inflation figures hit 0.5 percent last, up from 0.4 percent in September. The main inflation driver was the services sector, according to official estimates, but the figure narrowly missed expectations of a 0.6 percent rise.