Urgent.. Release of preliminary economic growth data and industrial production in the Eurozone.

Preliminary statistical data issued by Eurostat a short while ago showed an increase in the economic growth rate in the Eurozone by 0.4% during the third quarterly period compared to the previous quarter, matching the earlier estimated reading as well as market expectations.

The Eurozone managed to achieve a growth rate of 0.2% in the second quarter of this year. On a yearly basis, the preliminary reading of economic growth in the Eurozone also aligned with the estimated reading, with a growth rate of 0.9% during the third quarter compared to the same period last year.

Regarding the rate of change in industrial production, European statistics showed that industrial production contracted at a pace that exceeded market expectations by 2% in September, whereas a contraction of about 1.3% was anticipated. Industrial production had recorded a growth rate of 1.8% in August, which was revised down to a growth rate of 1.5%.