The Eurozone and EU economies expanded in the third quarter of 2024, with GDP growth outpacing the previous quarter.
Seasonally adjusted GDP rose by 0.4% in Q3 2024 in the Eurozone and by 0.3% in the EU compared to the previous quarter, according to a preliminary flash estimate from Eurostat. In Q2 2024, GDP had increased by 0.2% in the Eurozone and by 0.3% in the EU.
These initial estimates are based on partial data and may be revised. Compared to the same quarter of the previous year, seasonally adjusted GDP increased by 0.9% in both the Eurozone and the EU in the third quarter of 2024, following year-on-year growth of 0.6% in the Eurozone and 0.8% in the EU in the prior quarter.
Source: Eurostat
The euro trades near $1.0370 as the dollar index eases from last year's strength, supported by rising U.S. yields and anticipated pro-growth Trump policies.
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