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Eurozone Growth Exceeds Expectations

Reuters

The eurozone's economy grew by 0.6% in the three months to September, above analysts' expectations, according to EU statistics office Eurostat, BBC reports.

For the past 12 months, the growth rate was 2.5%, Eurostat said.

Last month, the European Central Bank (ECB) raised its 2017 growth forecast for the 19-nation eurozone to 2.2%, the fastest in 10 years.

Eurostat also said eurozone unemployment was 8.9% in September, the lowest rate for nearly nine years.

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