According to the latest Eurostat statistics, GDP growth in the EU and the Euro area has exceeded expectations with 0.4% and 0.3% growth in third quarter respectively. Expectations for Euro area growth were at 0.2%. Compared to the same quarter of last year, seasonally adjusted GDP growth was 1.4% higher in the Euro area and 1.6% higher in the EU for this year.
Denmarkย recorded the highest increase with 2.3% compared to the previous quarter, followed by Luxembourgย andย Sweden, both at 1.1%. The largest decreases were recorded in Ireland andย Finland with both at -0.3%, and Romania with -0.2%. Malta had a GDP growth rate of 0.6%. in the last quarter.
Separately, statistics also show that total market production in September was 0.4% higher than the previous month.
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