3.0 quarter GDP growth in the euro region.

By Hemaja Burud

According to preliminary flash estimates, GDP increased 0.2% on a quarterly basis in the EU and eurozone between July and September.

According to preliminary figures released on Monday, the euro area

and the EU's GDP both increased 0.2% quarter over quarter from July to September.

GDP increased by 0.8% in the euro area (those that utilise the euro) and 0.7% in the EU27 in the second quarter of 2022.

In the three months leading up to September, GDP increased 2.1% in the euro area and 2.4% across the EU on an annual basis.

The annual growth rate in both zones dropped from the previous quarter's 4.3%.

.Sweden had the highest growth rate among the member states for whom third-quarter data are available in 2022

 followed by Italy (up 0.5%), Portugal, and Lithuania (both up 0.4%).