Thursday, October 30, 2014   

Euro zone posts anemic 0.3 growth in last quarter
(03-05 18:32)

Euro zone growth edged up by a mere 0.3 percent in the fourth quarter of 2013, enough of an improvement on a tepid 0.1 percent in the previous quarter to suggest that modest recovery remains on track, the EU's data agency said.
In its final figures for October to December growth, Eurostat confirmed the return to growth thanks to an increase in investment.
During the last three months of 2012, the then 17-nation euro zone economy expanded year-on-year by 0.5 percent.
Slovenia posted the strongest growth at 1.2 percent while Cyprus registered a slide of 0.1 percent along with Estonia, while Finland saw a fall of 0.3 percent.
The bloc's biggest economy Germany showed growth of 0.4 percent in the October-December period, better than analyst forecasts for 0.3 percent, while the French economy grew 0.3 percent, below forecasts.
Italy managed a mere 0.1 percent.
Investments drove recovery, increasing 1.1 percent against 0.6 percent in the previous quarter, while household consumption remained stable, up 0.1 percent, on par with third quarter growth.—AFP


   
Other Business breaking news:
Athens stock market down 3.6pc (10-30 18:36)
Toshiba half-year net profit surges (10-30 17:27)
German jobless total falls in October (10-30 17:23)
VW confirms full-year targets after 'robust' Q3 (10-30 16:58)
Spanish economy expands by 0.5% in Q3 (10-30 16:58)
European stocks advance at open (10-30 16:57)
Hang Seng finishes lower (10-30 16:35)
Lufthansa cuts 2015 forecast on global economic slowdown (10-30 16:05)
Bayer raises forecasts for 2014 after strong Q3 (10-30 16:04)
NEC rebounds from losses on smartphone exit (10-30 15:25)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.