Germany: External demand drags down economic growth in Q3

In the third quarter, GDP increased a seasonally-adjusted 0.3% over the previous quarter. The reading represents a deceleration compared to the 0.7% growth rate observed in the second quarter but was in line with market expectations. Compared to the same quarter last year, GDP increased 1.1% in Q3, which was up from the 0.9% expansion tallied in Q2.

Read more about German GDP.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s