The euro area economy expanded as initially estimated in the third quarter largely driven by household spending, estimates released by Eurostat showed on Tuesday. Gross domestic product grew at a steady pace of 2.2 percent in the third quarter. The estimate for the second quarter was revised up from 2.1 percent and the third quarter rate was confirmed by Eurostat.
On a yearly basis, GDP advanced 3.9 percent instead of 3.7 percent expansion estimated previously. However, this was slower than the second quarter's 14.4 percent increase.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.