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Image header Agence Europe
Europe Daily Bulletin No. 12361
ECONOMY - FINANCE - BUSINESS / Economy

GDP up and inflation down in euro area

In the third quarter of 2019, seasonally adjusted GDP increased by 0.2% in the euro area and by 0.3% in the European Union compared with the previous quarter, according to a preliminary flash estimate published by the Statistical Office of the European Union (Eurostat).

GDP grew by 0.2% in both the euro area and the EU in the second quarter of 2019.

Inflation down to 0.7% in October. Euro area annual inflation is expected to be 0.7% in October 2019, down from 0.8% in September, according to a flash estimate published by Eurostat on Wednesday, 30 October.

Among the countries for which data is available, the rate is reported to be negative in Greece (-0.2%), Cyprus (-0.6%) and Portugal (-0.1%), and positive in Spain and Italy (both 0.2%), and in France and Germany (both 0.9%).

In terms of the main components of euro area inflation, services are expected to have the highest annual rate in October (1.6%), followed by food, alcohol & tobacco (1.6%), non-energy industrial goods (0.3%) and energy (-3.2%). (Original version in French by Mathieu Bion)

Contents

COURT OF JUSTICE OF THE EU
ECONOMY - FINANCE - BUSINESS
SECTORAL POLICIES
EXTERNAL ACTION
COUNCIL OF EUROPE
NEWS BRIEFS
CALENDAR
CALENDAR EXTRA