The provisional estimate on gross domestic product, based on seasonally adjusted data, showed that a 0.6% rise in consumer spending and a 1.6% increase in investment quarter-on-quarter helped Greece's 182 billion euro economy expand in the July-to-September period.
Exports of services, mainly tourism, grew 4.7%. Greek statistics service ELSTAT released seasonally-adjusted quarter-on-quarter GDP data for the first time since 2011 earlier this month, showing that the battered economy emerged from a protracted, austerity-led recession in the first quarter of this year and continued to grow ever since.
The statistics service also released seasonally unadjusted GDP data on an annual basis that showed the economy expanded by 1.9% in the third quarter, at a faster pace than a previous 1.7% estimate. Athens and its EU/IMF international lenders project the economy will expand 0.6% this year.
Source: Reuters
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