Euro-zone flash GDP steady in Q3

Euro-zone's preliminary gross domestic product (GDP) growth rose a seasonally adjusted 0.3% in the third quarter, data from Eurostat showed. This was in line with forecasts and unchanged from Q2.

"Euro-zone GDP growth in the third quarter was likely highly dependent on domestic demand. Consumer spending should have benefited from relatively decent fundamentals for Eurozone consumers," said Howard Archer, Chief UK & European Economist at IHS Global Insight.

"However, business investment may have been limited (after stagnating in the second quarter) due to significant uncertainties over the future," Archer added in a statement.

He said it appeared unlikely that net trade was of much help to Euro-zone GDP growth in the third quarter, and it could well have been a drag."

Looking ahead, expected the single-currency bloc's GDP growth to improve to 0.4% in the fourth quarter, and "at this stage would not rule out a pick-up to 0.5%."