Euro-Area Economic Growth Slows as Exports, Consumption Cool

The euro area’s nascent recovery from a record-long recession nearly stalled in the third quarter as exports and household consumption cooled.

Gross domestic product rose 0.1 percent after a 0.3 percent gain in the previous three months, the European Union’s statistics office in Luxembourg said today. That’s in line with Eurostat’s initial estimate. From a year earlier, the economy contracted 0.4 percent.