Eurozone Bip-Wachstum

The Eurozone economy expanded 0.4% on quarter in the three months to September 2024, the strongest growth rate in two years, following a 0.2% rise in Q2 and in line with the previous estimates. Household spending (0.7%), gross fixed capital formation (2%) and inventories were the main contributors while government spending also increased (0.5%). On the other hand, the net trade weighed down on the growth, as exports declined 1.5% while imports edged up 0.2%. Among the largest economies, the GDP in Germany expanded 0.1%, below 0.2% in the preliminary estimates, but surprisingly avoiding a recession. Also, the GDP in France expanded at a faster 0.4% and the Spanish economy remained resilient (0.8%). On the other hand, the Italian economy stalled while Netherlands slowed (0.8%). Year-on-year, the Eurozone GDP expanded 0.9%, the best performance since Q1 2023.