Euro zone grows quicker than expected but outlook remains weak

Quick Summary:

The euro zone economy grew by 0.4% in the third quarter, surpassing expectations.

Despite growth, industry remains in recession and consumer confidence is weak.

Highlighting the bloc's difficulties, Volkswagen reported a 42% plunge in operating profit on Wednesday as a weak performance in the core passenger car unit and high costs, including for model revamps, hit margins.

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Article Details

Author / Journalist: Reuters

Category: Business

Markets: IndiaChinaFranceGermanySpainUkraineUnited States

Topics: Volkswagen Euro zone growth European Central Bank Germany economy Trade tensions Trump presidency GDP growth

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 10:59:20 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1271 words

Reading Time: 8 minutes read

Sentences: 35 lines

Sentence Length: 37 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 23345687

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 2 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 12 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #84

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