The euro area economy expanded at a faster than expected pace in the third quarter and the unemployment rate fell to a more than eight-year low, while inflation slowed unexpectedly, official data revealed Tuesday. But consumer price growth in October eased to 1.4% year on year, a Eurostat estimate showed, from 1.5% in the previous two months.
The ECB has taken extraordinary measures to push up growth and inflation in the eurozone in recent years, setting interest rates at historic lows, offering cheap loans for banks and hoovering billions of euros of government and corporate bonds each month.
This follows eurozone GDP growth of 0.7 per cent in the second quarter, when the United Kingdom grew by just 0.3 per cent.
Economists polled by Reuters had expected a 0.5% quarterly rise and a 2.4% year-on-year gain.
The UK's annual rate of GDP growth in the third quarter was just 1.5 per cent.
GDP increased by 0.4% in the period compared with the final quarter of 2016, when it contracted by 1.1%.
Although job creation remains strong across the eurozone, including in France, rising participation rates might be dampening the reduction in the unemployment rate.
Core inflation that excludes energy, food, alcohol and tobacco, moderated to 0.9 percent from 1.1 percent in the preceding month.
This will be a concern for the European Central Bank, which last week cut its money printing programme in half in anticipation of continued strong economic data, with weak inflation flagged as a potential stumbling block that might lead to a reverse of the bank's decision.
The economic growth helped bring down eurozone unemployment to the lowest level since January 2009, beating market expectations.
The number of unemployed decreased by 96,000 from the previous month to 14.513 million. The rate was forecast to remain at 9 percent.