The euro zone economy grew at a modest pace in the third quarter with a negative...
BRUSSELS - The euro zone economy grew at a modest pace in the third quarter with a negative impact from trade, while retail sales fell at their sharpest rate this year in October, data showed on Thursday.
Retail sales in the euro zone in October fell by 0.6%, double the amount expected in a Reuters poll, and were up a modest 1.4% year-on-year. The monthly decline was the steepest fall of 2019. In trade, the United States outlined the first phase of a deal to end its conflict war with China in October, but the two are still arguing about the details.
Household spending was the strongest overall contributor, boosting euro zone growth by 0.3% percentage points, followed by government spending and capital investment at 0.1 points.
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