Euro zone and German inflation hit multi-year lows as economy contracts
TL;DR Summary
Euro zone inflation dropped to a two-year low of 2.9% in October, while core inflation fell to 4.2%. The euro zone economy contracted by 0.1% in the third quarter, below consensus estimates. The European Central Bank expects minimal growth for the euro zone economy in the coming years. Germany's GDP recorded a 0.1% quarterly fall, slightly better than expected.
- Euro zone inflation drops to two-year low in October; economy shrinks in third quarter CNBC
- German inflation drops to 28-month low as prices slow across Europe Financial Times
- Euro-Zone Inflation Sinks to Two-Year Low as Economy Contracts Bloomberg
- German inflation eases in October to lowest level in two years Reuters
- German October prelim HICP inflation 3.0% y/y vs +3.3% expected ForexLive
- View Full Coverage on Google News
Reading Insights
Total Reads
0
Unique Readers
12
Time Saved
1 min
vs 2 min read
Condensed
78%
267 → 59 words
Want the full story? Read the original article
Read on CNBC