The Eurozone's GDP rose by 0.4% between July and September, double the forecast, but slowed from the 0.6% of the previous quarter.
The Eurozone's economy grew by 0.4% during the third quarter of 2026, according to data published by Eurostat on Friday, October 30, as reported by mundiario.com. This figure doubles the 0.2% that analysts had predicted, although it represents a slowdown compared to the 0.6% of the previous quarter.
Across the European Union, GDP advanced by 0.5% between July and September and recorded a year-on-year growth of 1.5%, compared to 1.3% in the Eurozone. Eurostat also notes that Eurozone countries are moving at different paces.
Germany grew by 0.2%, France declined by 0.1%, and Italy remained stagnant. Spain and the Netherlands advanced by 0.6%, surpassing the two largest economies on the continent.
Inflation in the Eurozone stood at 3.8% year-on-year in September, well above the 2% target set by the European Central Bank. The rising cost of oil, linked to the conflict between the United States and Iran, is putting pressure on business costs and household purchasing power.
The ECB kept interest rates unchanged at its meeting on Thursday, October 29, although the deterioration of inflation forecasts opens the door to a rise in December. Households with mortgages, small businesses, and highly indebted states are the most exposed to such a decision.
The GDP of Ireland grew by 5.5% quarterly, driven by large multinationals. According to calculations reported by Associated Press, without Ireland, Eurozone growth would drop to 0.2%.
The rise in bond yields and the higher premiums demanded by markets from countries like France are making public financing more expensive. Eurostat's data shows a recovery that, for now, avoids widespread contraction, but does not yet guarantee stability.
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