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Euro-area economy up 0.3% in Q3 on consumption

"The recovery remains very much a consumption-driven story going into 2016, and the external side should turn from neutral to slightly positive next year," said Holger Schmieding, chief economist at Berenberg Bank in London.


EURO-AREA growth in the third quarter was bolstered by private consumption and government spending as exports suffered from a slowdown in global trade.

Gross domestic product in the 19-nation bloc rose 0.3 per cent in the three months through September after expanding 0.4