Investing.com - The euro zone's economy contracted in line with preliminary estimates in the third quarter of 2012, confirming a recession, final data showed on Wednesday.
In a report, Eurostat said that the euro zone's gross domestic product shrank 0.1% in the July-to-September period, in line with expectations and unchanged from a preliminary estimate.
The euro zone's economy shrank 0.2% in the preceding quarter. A technical recession is defined as two straight quarters of contraction.
Year-on-year, euro zone GDP fell 0.6% compared to a year earlier, in line with expectations.
Following the release of that data, the euro was lower against the U.S. dollar, with EUR/USD easing down 0.09% to trade at 1.3070.
Meanwhile, European stock markets were little changed. The EURO STOXX 50 eased up 0.05%, France's CAC 40 was flat, Germany's DAX was little changed, while London's FTSE 100 gained 0.25%.
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