Economics
Barclays: The European Economy Was Flying on Just One Engine in the Third Quarter
Domestic demand helped propel euro-area growth.
Consumption, consumption, consumption.
Photographer: Aidan Crawley/BloombergThis article is for subscribers only.
Hopes for a euro boom in 2015 had to be tempered on Friday morning after the preliminary estimate for third-quarter growth in the area came in a tick below the consensus estimate.
A full breakdown of the contributions to growth across the eurozone won't be published until Dec. 8, but Barclays says all of that 0.3 percent quarter-over-quarter growth came from just one source.