The euro area economy slid into recession in the third quarter, an updated report from Eurostat confirmed Thursday.
The gross domestic product fell 0.1 percent from a quarter ago, when it dropped 0.2 percent. The figures matched the preliminary estimate released on November 15.
Household final consumption expenditure remained unchanged in the third quarter, following 0.4 percent fall in the second quarter. This was expected to show a 0.2 percent decline.
Government spending dropped 0.2 percent quarter-on-quarter against expectations for no change. Investment declined 0.7 percent following 1.8 percent fall in the second quarter. This was roughly in line with forecast for a 0.8 percent drop.
During the three months to September, exports rose 0.9 percent and imports expanded 0.2 percent compared to the previous three-month period.
Annually, GDP fell 0.6 percent in the third quarter. This comes after a 0.5 percent fall in the second quarter. The figures matched the flash estimate.
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