In the third quarter, private consumption in the euro area experienced a significant increase of 0.7%, which is the largest rise in two years. This could potentially contribute to the economic recovery.

Eurostat reported a notable 2% increase in investments during the same period. However, trade has had a negative impact on overall growth, which is estimated to be 0.4%. These figures indicate that consumers are starting to play a more important role in driving the economy, providing some hope for sustained recovery in the euro zone.