The Eurozone economy grew with 0.2% q-o-q in the third quarter, slightly above consensus expectations of 0.1% q-o-q. Indeed, the third quarter growth figure matches growth in the second quarter, while producer sentiment and hard production data suggested a further slowdown. We will have to wait until December for an official breakdown by components, but from the available Member States data we can infer that domestic demand has been the main driver of growth. Net exports, unsurprisingly, acted as a drag. Especially private consumption supported GDP growth, on the back of a supportive labour market and upbeat consumer ... (full story)