Despite record inflation and the Ukraine war, the economy in the euro zone grew somewhat in the summer.
Between July and September, the gross domestic product (GDP) rose by 0.2 percent compared to the previous quarter, as the European statistical office Eurostat announced on Monday.
Experts polled by Reuters had expected it.
Nevertheless, the economy in the currency area has clearly lost momentum as a result of the energy crisis.
Because in spring there was still 0.8 growth.
Compared to the same period last year, economic power increased by 2.1 percent in the summer.
Germany, the largest economy in the euro zone, provided momentum with growth of 0.3 percent and Italy, where things even went up by 0.5 percent.
In Portugal, the economy picked up by 0.4 percent.
The economy in France and Spain each grew by 0.2
The economy in the euro area is burdened by high inflation, which is further fueled by the Ukraine war and is clouding the business climate.
The annual rate of inflation climbed surprisingly well in October to a new record high of 10.7 percent.
According to economists, Germany can hardly avoid a recession in winter.
The economy in the euro zone is also threatened with headwinds.