Economics

Euro-Area Economy Grows Least in Four Years as Germany Drags

Photographer: Marlene Awaad/Bloomberg
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Euro-area growth slowed in the third quarter, held back by a contraction in Germany, its biggest economy.

Gross domestic product grew 0.2 percent, matching an initial estimate, but half the pace recorded in the previous period, Eurostat said Wednesday. Industrial production declined 0.3 percent in September, the second decline in three months, with the biggest falls coming in energy and non-durable consumer goods.