Euro area economy grows at an annual rate of 2.1% in Q3

The euro area economy expanded at an annual rate of 2.1% in the third quarter, Eurostat reported on Tuesday. This reading came in line with the flash estimate and the market expectation.

Other data revealed that the euro area trade deficit narrowed to €34.4 billion in September from €52.4 billion. Finally, Employment Change in the third quarter came in at +0.2% on a quarterly basis, compared to analysts’ estimate of +0.3%.