The economy of the eurozone grew by just 0.1 percent in the July-to-September period, down from 0.3 percent growth in the previous quarter. The weak growth levels being seen in the eurozone are among the reasons why the European Central Bank cut its main interest rate to 0.25 percent last week.

Earlier, figures showed that France’s economy shrank 0.1 percent in the third quarter of the year. German growth slowed to 0.3 percent from 0.7 percent in the previous quarter. Figures from Italy showed its economy shrank by 0.1 percent, after a 0.3 percent contraction in the second quarter.