Growth in the euro area decelerates
Growth in the euro area is expected to gradually slow down further towards the end of this year. According to the October Euro Growth Indicator calculated by EUROFRAME, growth will decelerate further to 0.3 per cent in the fourth quarter, after stable growth of 0.4 per cent in the third quarter. On a year-over-year basis, growth would decline to 1.9 per cent and 1.5 per cent in Q3 and Q4, respectively, down from 2.1 per cent in the second quarter and 2.7 per cent in the fourth quarter of last year.
More information on this topic on our Euro Growth Indicator section.