Eurozone Preliminary GDP expands 0.2% QoQ in Q3 vs. 0.2% expected

The Eurozone economy expanded by 0.2% on the quarter in the three months to September of 2022, meeting the 0.2% expected and 0.8% previous, the preliminary release showed on Monday. 

On an annualized basis, the bloc’s GDP rate increased by 2.1% in Q3 vs. 4.1% booked in the second quarter of 2021 while matching 2.1% expectations.

Also read: Eurozone Preliminary Inflation soars 10.7% YoY in October vs. 9.8% expected