Euro­zone GDP growth slows to 0.3 per­cent

China Daily (USA) - - BUSINESS -

The eco­nomic ex­pan­sion in the 19-coun­try euro­zone slowed in the sec­ond quar­ter, of­fi­cial data showed, with the read­ing for the pre­vi­ous quar­ter be­ing re­vis­ing down a notch. Sea­son­ally ad­justed gross do­mes­tic prod­uct rose by 0.3 per­cent in the sin­gle cur­rency bloc and by 0.4 per­cent in the wider Euro­pean Union, com­pared with the pre­vi­ous quar­ter, said Euro­stat, the EU’s statis­tic agency. In the first three months, GDP grew by 0.5 per­cent in the euro­zone, Euro­stat said, lower than the pre­vi­ous es­ti­mate of 0.6 per­cent pub­lished in Au­gust.

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