Positive macroeconomic statistics from Europe | 08 Diciembre 2022

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Eurozone gross domestic product grew by slightly more than initially estimated, data from the European statistics agency Eurostat showed, with household spending and business investment propping up the economy. Eurostat said GDP growth in the third quarter was 0.3% in the 19-country euro area in the July-September period from the previous quarter and 2.3% year-on-year, above its flash estimates of 0.2% and 2.1% published in mid-November. Household spending added 0.4 percentage points to eurozone growth and gross fixed capital formation 0.8 points. The contribution from government expenditure was negligible, while trade was a net negative of 1.1 percentage points.

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