GDP for the eurozone came in slightly above expectations, growing 0.2% in the third quarter of this year – the same pace as in the previous quarter. Despite coming in better than expected, this is still thought to be weak.
Inflation figures dropped to 0.7% in October, taking it further below target. This was dragged down by a sharp drop in energy prices and slow growth in non-energy industrial goods prices. Unemployment figures remained stable at 7.5% for September.
The French economy beat expectations, maintaining its growth rate of 0.3% for the third quarter of this year.
