Euro zone's economy expands 0.3% in Q3; German factory orders rebound sharply in October

Higher households and public sector spending helped to boost the Euro zone's GDP growth in the Q3, official figures revealed on Tuesday. According to the second estimate published by Eurostat, the economy expanded 0.3% on quarterly basis in the Q3. That was in line with the first estimate and analysts' expectations. However, on an annual basis, third-quarter GDP growth was revised up to 1.7% from the originally reported 1.6% gain. Second quarter economic growth was also revised up 0.1% to 1.7%. The advance in the Q3 was mainly driven by household spending , which increased 0.2%, and changes of inventories and public sector spending, each climbing 0.1% in the reported quarter. Exports and investment made a zero contribution to growth, while higher imports cut 0.1% from the final growth figure. All economies in the Euro zone grew in the Q3, with Slovenia, Greece and Portugal showing the highest economic growth. Back in the Q2, the French and Finnish economy contracted 0.1%. Other data released on Tuesday showed factory orders in the region's biggest economy, Germany, jumped markedly in October. The Economy Ministry reported orders surged 4.9%, following September's upwardly revised fall of 0.3% and surpassing the 0.6% rise forecast.