Euro-Area Maintains Growth; Exports Offset Construction Drop

Euro-region economic growth held steady in the third quarter as rising exports helped offset the impact of a slump in construction.

Gross domestic product rose 0.2 percent from the second quarter, the European Union’s statistics office said today, confirming an initial estimate published on Nov. 15. Exports increased 1.5 percent from the second quarter, when they gained 1.1 percent, while household spending advanced 0.3 percent. Construction output dropped 0.6 percent.