FXstreet.com (Barcelona) - Gross Domestic Product has grown by 0.7% in the third quarter of 2007 from the previous quarter, unrevised from the previous estimation, as the latest estimation released by Eurostat shows.

From the third quarter of 2006, GDP increased 2.7%, revised up from the previous estimation, which reported a 2.6% increase year on year. The reading of the third quarter has been slightly higher than the 2.5% rise posted in the second quarter, these figures depict a strong performance for European economy as US GDP increased 1.2%, and Japanese GDP by a mere 0.6% in the third quaerter.

Household consumption expenditure has risen 0.5% in the Euro Area, while investment increased by 0.9%. Exports ave risen 2.5% while exports increased 2.7% on the quarter.