Breaking: Economic growth in the Eurozone exceeds market expectations.

European statistical data published by Eurostat on Wednesday showed that the economic growth rate in the Eurozone rose by 0.4% during the third quarterly period, compared to the previous quarter, marking the largest economic growth in over two years.

Market expectations had indicated a growth of only 0.2% in real GDP for the Eurozone, noting that Eurozone economies managed to achieve a growth rate of 0.2% in the second quarter of the year.

On an annual basis, the Eurozone achieved a real GDP growth of 0.9% during the third quarter compared to the same period last year, while forecasts had suggested a likelihood of economic activity growing by only about 0.8%, after economic growth in the Eurozone recorded an increase of 0.6% in the second quarter.