Eurozone growth slumps
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Eurozone growth falls by more than half between April and June 2007, official EU figures show.
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European equities fell on Thursday as investors considered the impact of near-term eurozone interest rate increases and mulled a mixed set of corporate earnings.
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The euro sank to a near-three week low against the dollar and stocks eased on Wednesday after data showed sluggish growth in euro zone services.
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Eurozone indicators due this week will provide further evidence of weak economic confidence and slowing output, while British data was expected to show a pick-up in industrial activity, economists said.
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Economic growth in the euro area slowed to 3 percent while the EU as a whole expanded by a slower 3.2 percent in the first three months of the year as household spending barely moved, the European Union said Friday.
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The euro sank to a near-three week low  against the dollar and stocks eased on Wednesday after data  showed sluggish growth in euro zone services.
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BRUSSELS, Belgium -- The euro zone continues to experience a jobless recovery, with no indication that new jobs are being created after more than a year of generally sluggish economic growth.
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The slowdown in economic growth seen in the 12-country eurozone in the third quarter of this year is only "temporary," the European Central Bank's chief economist Otmar Issing said in a newspaper interview.
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Eurozone economic growth slowed in the three months to the end of September, revised official figures show.
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Inflation in Germany, the eurozone's biggest economy, slowed this month, as falling food and tourism prices offset persistently high oil and energy prices, key regional data showed.
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Following the slump in manufacturing orders in Germany in November, industrial output also fell sharply in the eurozone's biggest economy in the same month, suggesting that German growth as a whole likely remained weak in the fourth quarter.
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Fears of an economic slowdown in Europe deepened on Friday, after the release of weaker-than-expected data and another record in the euroâs relentless rise against the dollar.
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The sharp economic slowdown in the eurozone shown in the latest growth figures was of a &quot;one-off, temporary nature&quot; and growth will rebound to an annual rate
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Industrial production in the 12-nation eurozone rose 0.4 percent in July from June and was up 2.4 percent compared with July 2003, the European statistics office Eurostat reported.
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The European Union's new member states are falling behind in their drive towards joining the euro, the European Central Bank warned on Wednesday.
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Growth in the European service industries, ranging from banking to telecommunications, slowed in August as households became increasingly concerned about jobs and oil prices reached a record.
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Business confidence in Germany slipped for the sixth month in October, as companies in the eurozone's biggest economy took a dimmer view of the six-month outlook, a survey showed Thursday.