- France’s economy grew 0.7 percent in Q3 compared to Q2, based on preliminary totals. The country’s National Institute of Statistics and Economics Studies (INSEE) predicted that GDP growth would reach 1.5 percent in 2005 based on the year’s strong demand for household goods and imports. The growth estimate is in line with the rest of the Eurozone.
- France’s October unemployment rate dropped 0.1 percent to 9.8 percent from the previous month and 0.2 percent compared to October 2004.
- Germany’s third-quarter GDP increased 0.4 percent from the quarter before and rose 1.5 percent from Q3 of 2004. The unemployment rate for October fell 0.2 percent from the previous month to 11 percent, a drop of 0.9 percent from the same month in 2004.
- Unemployment in the U.K. remained at 4.7 percent for October, an increase of 0.1 percent over the rate in October 2004.
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