Eurozone GDP grows at an annual rate of 2.3% in Q3

Eurostat reported Wednesday that seasonally adjusted Gross Domestic Product (GDP) in the Euro area expanded at an annual rate of 2.3% in the third quarter. This reading followed the 4.2% growth recorded in the second quarter and came in higher than the initial estimate and the market expectation of 2.1%.

Other data from the Euro Area revealed that the Employment Change was up 1.8%on a yearly basis in the third quarter, slightly higher than the market expectation of 1.7%.