The euro area economy posted a better-than-initially estimated growth in the third quarter on household spending and investment, but the revision little changes the bleak outlook for a recession in the coming quarters.
The 19-member currency bloc grew an upwardly revised 0.3 percent sequentially, but the pace was slower than the 0.8 percent expansion logged in the second quarter, detailed quarterly national accounts from the statistical office Eurostat revealed on Wednesday.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.