The Greek economy contracted sharply between July and September, marking the ninth consecutive quarter of negative growth, figures showed on Friday.
The Hellenic Statistical Authority said GDP fell 1.1% compared to three months earlier. That was slower than the 1.5% fall forecast by analysts after the 1.7% drop in the June quarter.
The statistical office said investment and household consumption had the biggest negative influence on growth.
On a year-over-year basis, the Greek economy shrank 4.5%, compared to the 4% fall in the June quarter. Economists had predicted a 4.3% drop.
News are provided by InstaForex.