Euro zone economy shrank 0.3% year on year in third quarter

Friday 10 January 2014 18.06
European Union's statistics office issues third and final revision of Q3 GDP
European Union's statistics office issues third and final revision of Q3 GDP

The euro zone economy shrank by 0.3% year on year in the third quarter of 2013, less than the 0.4% contraction estimated earlier.

This is according to the European Union's statistics office as it issued its third and final revision of the data.              

Eurostat confirmed that quarter-on-quarter, the euro zone economy grew 0.1% in the three months to September after a 0.3% expansion in the second quarter.