GDP growth at 1.3% y/y in EU

Seasonally adjusted gross domestic product growth in the third quarter of 2014 was at 1.3 percent year-on-year in the European Union, statistics office Eurostat said in a data release on Friday. In quarter-on-quarter terms the growth was 0.3 percent. In the euro area, GDP growth was 0.8 percent y/y and 0.2 percent q/q in Q3. Poland’s seasonally adjusted GDP growth in Q3 was 3.4 percent y/y and 0.9 percent q/q, the Eurostat also said.