In the second quarter of 2016, GDP had also grown by 0.3% in the euro area and by 0.4% in the EU28.
In year-on-year terms, the euro zone economy expanded 1.6 percent, also the same as in the second quarter. "Consumer spending should have benefited from relatively decent fundamentals for Eurozone consumers", said Howard Archer, Chief UK & European Economist at IHS Global Insight. Economic confidence in the region rose to a 10-month high in October, and a closely-watched gauge of manufacturing and service-sector activity indicated momentum within the bloc accelerated to its fastest pace this year. The preliminary flash estimate showed that GDP rose by 0.3% in the euro area (EA19), and it rose by 0.4% in the broader European Union (EU28) nations. At 1.4%, the annualized growth rate was well below the 2.9% recorded by the USA and the 2.0% recorded by the United Kingdom during the same period.
Italy is still five weeks away from a referendum that Prime Minister Matteo Renzi says is needed to streamline government, leaving a cloud of uncertainty hanging over economic prospects.
Manchester City end rough run
The Blues destroyed Man United 4-0, while Man City, Spurs and Arsenal could only draw. He told reporters: "The message is the players are giving everything they can".
The data were in line with analysts' expectations, but they still confirm the lack of signs of an upswing in inflation, and will thus continue to frustrate the European Central Bank, which is battling t o stoke inflation in the region this year. Third-quarter GDP for both countries will be published on November 15.
And critics are anxious Europe's economy could now slowdown next year amid yet more political upheaval and Brexit. ECB Executive Board member Benoit Coeure said on Friday on growth: "The whole discussion will be how sustained is that". Energy prices were down 0.9% on the year, compared with a decline of 3.0% in September.
The ECB stimulus scheme, known as quantitative easing (QE), involves the purchase of public and private bonds at the rate of 80 billion euros per month, and is now set to end in March 2017. Core inflation (excluding energy, food, alcohol & tobacco) remained steady at 0.8% y/y. The ECB's official inflation target is close to but less than 2%.