Eurozone GDP growth stalls in third quarter

Economic growth across the Eurozone remained stalled in the third quarter of the year at the same level seen since April, the region’s statistics agency has said.

GDP Growth was steady at 0.2 per cent, as in the second quarter, Eurostat said.

On a year-on-year basis, growth was 1.4 per cent compared with the third quarter of 2010.

The news adds to surveys of purchasing managers across Eurozone countries showing that manufacturing output has fallen and export orders are down as countries grapple with depressed demand due to the debt crisis.